Summary:
- Time to get out of stocks NOW.
- Austerity is the right policy from his point of view, even if it means short term pain, but can avoid long term insolvency.
- Worldwide slowdown coming
- 4,000,000 foreclosures in the pipeline, which banks have been holding down.
- By the time the Fed reacts with Q3, it will be too late.
- This looks like the final rally. Where do we top is the final question. 1371 is the top of the range they forecast.
- The USD will rally while equities, commodities including gold, and real estate will fall massively.
3 comments:
That guy has no idea! Following people with no idea, also do not help you very much either...
I think he's been quite right actually. Do you have any particular example of when he was wrong?
yeah: total newb when he predicted a recession in August 2011 and a total market collapse... just like you really.
I still remember your quote: "US economic indicators are collapsing and we are now in a recession."
Just like that guy Mish Shedlock too. Total news man. These people have been predicting a recession in 2009, 2010, 2011 and now again in 2012.
Eventually it will come, but in the mean time S&P 500 has gone up from 666 to 1350. More than doubled!
Total newb man!
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