The impact of Rove, Gonzales controversy on firing of U.S. attorneys – Wall Street can collapse and gold rise
Fred Day
Mar. 16, 2007

The stock market does not like what it is seeing in these sensitive emails. According to media release, newly revealed White House e-mails show President Bush's top political adviser, Karl Rove, and then-White House Counsel Alberto Gonzales were involved in discussions of a shakeup of U.S. attorneys before Gonzales became attorney general.

Democrats are eager to go the bottom and dig out the dirt. The mess is already too much for Wall Street to absorb. The Bush Administration’s troubles spell badly for the market. The gold is finally ready to take out $700 an ounce level again. The news is making gold bulls ready for the final punch upwards.

The news is bearish for the stock market. The e-mails "show conclusively that Karl Rove was in the middle of this mess from the beginning," Sen. Charles Schumer, D-New York, told reporters -- an assertion the White House disputed.

If the controversy spreads into a probe or a scandal, the stock market will collapse and gold wise rise very fast.

Another confirmation that the economy is headed for a deep recession is driven primarily by the mortgage fall out – recession or depression?
Peter Oberois
The economists recognize finally that the subprime-market turmoil is likely to spread to the broader mortgage market. They also understand the real estate prices are headed lower based on the fundamentals.
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OPEC slowly understands the impact of deflation – no one can stop oil from going lower – what is the impact on the stock market?
Marla Guthrie
Oil and stock markets are headed lower. The culprit is deflation and future worldwide recession.
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The impact of Rove, Gonzales controversy on firing of U.S. attorneys – Wall Street can collapse and gold rise
Fred Day
The Bush Administration’s troubles spell badly for the market. The gold is finally ready to take out $700 an ounce level again. The news is making gold bulls ready for the final punch upwards.
READ MORE>>

Fallout from the imploding subprime and other mortgage markets can evaporate more than four million well paid jobs and create negative growth in the economy
Karen Zuba
When in year 2000, the dot com bubble collapsed and economy hit a recession, it was the mortgage brokers and bankers that created millions of good paying jobs. The office buildings were occupied again with the expanding mortgage bankers and brokers.
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Confirmation of deflation driven worldwide recession with Japan’s third-largest carmaker missing its profit forecast for the first time in seven years
Sam Adelton
The Auto sector worldwide is reeling from deflationary pressure across the board. GM and Toyota are looking at India and China. But in China and India the debt driven boom is over as people struggle to service their unprecedented debt.
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Auto, real estate, financial services, manufacturing and ‘export to US’ sectors leading the world stock markets into deflation driven depression
Peter Oberois
Western nations are reluctant to allow Japan, China and other Asian nations to keep their currency artificially lower to promote exports to US and Euro Zone.
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If you know why stock markets crash, you will understand why the markets are real vulnerable now
Peter Oberois
Stock markets crash when it encounters something bearish that it cannot imagine.
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