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Stock impact report

Underestimating 'Them' & Overestimating 'Us' [zero hedge]

Citigroup, Inc. (C) 
Last citigroup, inc. earnings: 4/15 08:00 am Check Earnings Report
US:NYSE Investor Relations: citigroup.com/citi/investor/pres.htm
Company Research Source: zero hedge
Underestimating 'Them' & Overestimating 'Us' Authored by Jim Quinn via The Burning Platform blog,“Do not underestimate the ‘power of underestimation’. They can’t stop you, if they don’t see you coming.”- Izey Victoria OdiaseDuring the summer of 2008 I was writing articles a few times per week predicting an economic catastrophe and a banking crisis. When the biggest financial crisis since the Great Depression swept across the world, resulting in double digit unemployment, a 50% stock market crash in a matter of months, millions of home foreclosures, and the virtual insolvency of the criminal Wall Street banks, my predictions were vindicated. I was pretty smug and sure the start of this Fourth Turning would follow the path of the last Crisis, with a Greater Depression, economic disaster and war.In the summer of 2008, the national debt stood at $9.4 trillion, which amounted to 65% of GDP. Total credit market debt peaked at $54 trillion. Consumer debt peaked at $2.7 trillion. M Show less Read more
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