UH-OH: IN FEBRUARY, EUROPE WILL LIKELY BE IN A FULL-BLOWN RECESSION

EUROPE'S ECONOMY HAS BEEN CONTRACTING FOR FIVE STRAIGHT MONTHS. ONE MORE MONTH AND IT'S A RECESSION - AND SIGNS ARE IT WILL BE A DEEP ONE.

IF CHINA'S BUBBLE COMPLETELY DEFLATES BY SUMMER - WHICH I EXPECT - THEN THE WORLD WILL BE IN A DEEP RECESSION/DEPRESSION BY SEPTEMBER. SIGH.

ASIDE:

• THE ONLY CHANCE OBAMA HAS FOR HIS OWN RE-ELECTION - (AND THE ONLY WAY HE HAS A CHANCE TO COMPLETE HIS PROMISED "TRANSFORMATION" OF THE USA INTO A EURO-SOCIALIST QUAGMIRE THAT HAS NO ABILITY TO PROJECT THE MILITARY POWER NEEDED TO DEFEND THE FREE WORLD FROM RUSSIA, CHINA AND GLOBAL JIHAD) - IS TO ATTACK IRAN. 

• ERGO: I EXPECT HE WILL AND THEN BLAME THE WORLD'S DEPRESSION ON THE NECESSARY ATTACK HE COURAGEOUSLY ORDERED).

• UNLESS ISRAEL DOES IT FIRST, 

• IN WHICH CASE OBAMA BLAMES THE GLOBAL DEPRESSION ON THE JOOOOOOOZE AND NOT DECADES OF SOCIALIST POLICIES AND SOCIALIST BOONDOGGLES.