Here's a new set of reasons why our economy is subject to even further meltdown.  Banks, GM, Employment, Massive Asset Losses, Excessive Credit Abuse, Foreclosures, National Debt, High Oil Prices and Devaluation of the Dollar are just the beginning.  At the very least, are you prepared to PROFIT in the immediate future?

Swine Flu Second Wave

Although not a certainty, a second strike could be massive.

Commercial Real Estate Collapse

When the people suffer, the demand for products and services decreases in proportion, creating business failures and empty commercial property.

The Option ARM Explosion

The good mortgage deals will be evaporating over the next 24 months, creating additional foreclosures and home abandonment because the price of staying in the home will be just too high.

Global Food Crisis

Growing shortages due to flood, war, social or  political unrest can drive up prices and deprive the net import countries.

Israel Bombs Iran 

Israel may not be willing to tolerate a nuclear armed Iran, and may choose to strike out to destroy Iran's nascent nuclear capabilities.

Wave of Municipal Defaults

California is likely to become the first state to go bankrupt and look for bailout money.  With no ability to borrow any more money, other states will rush to default themselves.

Another Bank Run

An uptick in the loss of investor or lender confidence in one of the larger banks could overstress the federal government's ability and desire to do another bailout, further increasing tensions on Main Street.

Runaway Inflation

This one devastates personal investment/savings while price climb higher.  How can you fight this?  Position your assets to grow faster than inflation can destroy them. 

North Korean Missile Launch

China, South Korea and Japan are the nearby threat recipients.  An actual strike from North Korea could wreak havoc on far eastern trade activity, impacting the world.

Chinese Financial Crisis

Most economic discussion of China these days is about how dependent the US government has become on China buying Treasury bonds. But China has lately learned that its own economy is dangerously leveraged on foreign demand for Chinese manufactured goods. The global downturn has helped expose the fragility of the Chinese economic miracle, and worse might be coming.

A collapse of profits in China could very well spark a banking crisis, much like the collapse of real estate prices did to US financial institutions. Very little attention has been paid to the fragility of the Chinese financial system, which is dominated by large, slow, non-transparent, often corrupt state-run banks and centralized decision making. Slowing exports could be the tide that goes out and reveals which Chinese banks have been swimming naked. And the Chinese financial system, which has almost no effective securitization and therefore high concentrations of financial risk, is much less prepared to deal bank failures than the US was.

Of course, this will be bad news for the US. Any financial crisis in China will hurt the demand for our debt, both public and private, driving up interest rates and slowing down the US economy.  This, in turn, would reduce demand for Chinese exports, exposing shaky banks to risk of collapse all over again.