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Celente also calls perceived OWS weaknesses, in fact, strengths. Activism without leaders or a unified message sustains street protests. Invasion of the "Occtupy" is here.
Look what happened to WikiLeaks, he said. It's been weakened by cutting off the head of its leader. "Occtupy" has no head. Cut off one tentacle and another grows. "This is huge, and it's just going to spread" worldwide because politicians are ignoring growing need.
Worrisome Bank of Canada Comments
In mid-December, Bank of Canada Governor Mark Carney was unusually candid, saying:
"Global economic activity has slowed markedly since June and downside risks remain elevated. In addition to the risks associated with a failure to contain the European sovereign debt crisis, there is the risk that household deleveraging and (US) fiscal consolidation" will have serious global implications."Deleveraging is already amplifying the economic downturn now underway, and is likely to have additional detrimental effects. There is a risk that a broad-based fire sale could lead to a general decline in asset prices, which would raise investors' funding liquidity risk through margin calls and exacerbate funding difficulties further."
America's real estate market is especially weak. It "remains fragile and vulnerable to further deterioration. Stagnant wage growth" is seriously impacting consumer households.
He also expressed concerns about China, saying "credit booms are often accompanied by an increase in the overall riskiness of banks." As a result, loan repayments are being jeopardized. Moreover, "anecdotal evidence suggests that a large number of properties are being purchased (speculatively) for investment purposes and that the vacancy rate is rising" to dangerous levels.
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