He is telling the truth. Startup: Record Number of Companies Pull Back on IPOs http://www.newsmax.com/InvestingAnalysis/ipo-offerings-companies-initial/2011/0

He is telling the truth. Startup: Record Number of Companies Pull Back on IPOs http://www.newsmax.com/InvestingAnalysis/ipo-offerings-companies-initial/2011/09/20/id/411669 http://www.newsmax.com/InvestingAnalysis/ipo-offerings-compa... Europe: EFSF - 133% Of German GDP To Cover All Of Europe's Bad Debt http://www.zerohedge.com/news/explaining-how-just-announced-ecb-market-rescue-pledged-133-german-gdp-cover-all-europes-bad-de http://www.zerohedge.com/news/explaining-how-just-announced-... Germany rejects idea of further EFSF expansion http://www.marketwatch.com/story/germany-rejects-idea-of-further-efsf-expansion-2011-09-27?link=MW_latest_news http://www.marketwatch.com/story/germany-rejects-idea-of-fur... China: Chinese growth could slow to zero in 2012 http://www.iii.co.uk/articles/18948/chinese-growth-could-slow-zero-2012 http://www.iii.co.uk/articles/18948/chinese-growth-could-slo... Cash Crunch in China Picks Up Momentum; Chinese Economy "Teetering On the Edge" http://globaleconomicanalysis.blogspot.com/2011/09/cash-crunch-in-china-picks-up-momentum.html http://globaleconomicanalysis.blogspot.com/2011/09/cash-crun... Japan: Japanese economy contracted more severely than previously reported http://online.wsj.com/article/SB10001424053111903285704576559380092114762.html http://online.wsj.com/article/SB1000142405311190328570457655... Japan auto lobby cuts 2011 sales outlook by 10 pct http://www.reuters.com/article/2011/09/27/autos-japan-idUSL3E7KR0RG20110927 http://www.reuters.com/article/2011/09/27/autos-japan-idUSL3... US: Consumer Confidence Stagnates Near Two-Year Low http://www.businessweek.com/news/2011-09-27/u-s-economy-consumer-confidence-stagnates-near-two-year-low.html http://www.businessweek.com/news/2011-09-27/u-s-economy-cons... Food stamp use rises to record 45.8 million http://money.cnn.com/2011/08/04/pf/food_stamps_record_high/index.htm http://money.cnn.com/2011/08/04/pf/food_stamps_record_high/i... Overall: Are We Headed Into A Recess/Depress-ion? The Answer In 9 Simple Charts http://www.zerohedge.com/news/are-we-headed-recessdepress-ion-answer-9-simple-charts http://www.zerohedge.com/news/are-we-headed-recessdepress-io... All signs point to the second dip in the global economic depression.