FNMA-GMAC-FORD-WHY DOES DODIX HAVE THESE IN THEIR TOP TEN HOLDINGS????


Don't expect any big profits from them this year. If anything, expect REDUCED dividends as they try to make up for their poor investing decisions.....


7 Startling Forecasts for 2009
by Martin D. Weiss, Ph.D.
02-02-09

If you were shocked by last quarter’s 3.8% plunge in the economy, wait till you see the tally for the current quarter!

Late last year, consumers snapped their wallets shut so quickly, and America’s manufacturers were so unprepared, they couldn’t stop their assembly lines fast enough.

Hundreds of thousands of unsold automobiles accumulated on factory lots. Millions of appliances and electronic goods piled up at warehouses. Everywhere, inventories bulged in almost every item under the sun.

Now, however, the big production shutdowns that did not occur last quarter are hitting in the current quarter.

That’s why you’re seeing so many layoffs — another 100,000 announced just last week!

That’s why you could see GDP declines accelerate beyond control.

And that’s why you must fully understand what’s likely to happen next.


In 2009, the U.S. government will have to give up saving most of these companies!

Larry: Why?

Martin: Let me answer that question: First, because the losses at these companies will be far larger than their losses last year. Remember, the damage they suffered in 2008 was before the economy tanked. Now, in 2009, with millions of new jobs lost, you’re going to see far higher delinquency rates on mortgages, credit cards, auto loans and other consumer credit. That will rip a hole in the bond and derivative portfolios of insurers like AIG. It will tear apart the consumer loan portfolios of banks like Citigroup. And it will gut the sales of automakers.



www.moneyandmarkets.com/7-startling-
forecasts-for-2009-29518