22 Reasons Why This Recession Is Different And Why It Will Endure by the Author of “How to Survive the End of the World As We Know It" and "Patriots: A Novel of Survival in The Coming Collapse" James Wesley, Rawles

Read both the books and respect his opinion. The reasons he outlines are clearly described and sourced…if you aren’t buying food, ammo and finding a bug out retreat after you read this then you are not paying attention.

Twenty-Two Reasons Why this Recession is Different and Why it Will Endure

I find it surprising that I’m now getting inquiries from readers, asking if "we’ve reached bottom" in the current economic recession, and asking if the time has come to start buying stocks or residential real estate. It seems that the talking heads of mainstream media are using some sort of voodoo. How can anyone think that we’ve hit bottom, and an economic recovery is in progress? To dispel the myths from the CNBC Cheering Section, please consider the following. (And note that I’ve provided references for each assertion, just so you know that I’m not talking out of my ~~camouflage~~ hat.):

A broken global credit market that has not fully recovered. See: After Lehman, U.S. firms adjust to new face of credit
Lack of transparency in Mortgage-Backed Securities and other re-packaged debt instruments. See: Geithner Blames Lack of Transparency for OTC Derivatives Hit on Market.
The increasing Federal debt, which is growing at an unprecedented rate. See: The National Debt Clock.
Mountains of consumer and corporate debt. See: Observations on the US Debt.
The Federal budget deficit. See: Federal Deficit Hits All-Time High of $1.42 Trillion.
Ever-expanding bailouts. (I call this The MOAB.) See: As More Companies Seek Aid, ‘Where Do You Stop?’
Monetization of the National Debt. See: Fed Could Expand MBS Purchases. (Can you spell Oroborus?):
The destruction of the American consumer economy. (It had been artificially credit-driven). See: A Year After The Crisis, The Consumer Economy Is Dead.
Chronic unemployment, possibly much higher than officially reported. See: Alternate Data at ShadowStats.
More than $500 Billion USD in hedge funds that have borrowed short and lent long. See: Assets invested in hedge funds increase by $100bn