Below are the developments that could take the US market into abyss next year, or the economy for that matter.
(1) More writedowns from banks.
(2) Commercial properties going downhill with the residential market.
(3) Unemployment reaches 10% or above.
(4) Non-stop Deflation, even with so much stimulus thrown in by Uncle Sam.
(5) No sign of economic upturn, even with the new,newest New Deal.
(6) Treasury bubble bursts, with no one wanted to finance the "trillion dollars" deficit of the US government, including China.
(7) Finally, emerging market debt default is a possibility.
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