He is right about one thing. The country is on the verge of an explosion.
“Pride goes before ... a fall.” -Proverbs 16:18
This is bubble talk. I’d be worried.
Yup......$16 TRILLION in debt.....nothing to lose sleep over.
Debt is 16 trill, but add in all unfunded liabilities and the debt is more like $115 TRILLION DOLLARS.
That’s a stack of $100 bills TWICE as high as the World Trade Center.
Yup the Medicare grandparents will explode. The value of the dollar will implode. And us purveyors of second amendment rights are ripe to explode.
It must be nice to be such a blooming, cock-eyed optimist.
Oh well, I can dream can’t I. s/
TRANSLATION: “We can’t tell what the Hell is going to happen.”
This is what happened in O's first term. When he DIDN'T get his main initiatives through (no cap and trade, continued fighting the Bush wars, etc.) the stock market improved.
The markets like a weak Obama.
He may be right. The average US worker’s wages and standard of living have been cut to a quarter of what it was twenty years ago. We’re “competitive” now. That, fracking, and the rest of the world collapsing, who knows. All we have to do is go down the drain slower than the rest of the world, and we’ll have a boom.
No, we're on the verge of a $1 Quadrillion derivatives explosion and a bond market crash. Our money has been so watered down by massive printing (to create the illusion the economy is doing just fine under Oboma), the cost of food is going to double, to say the least.
When they start offering money for silver like they did gold (to get it out of the citizens hands), and the gold and silver markets move all over the place, we'll know we've slipped over the cliff.
The left thinks world wide mutual destruction is a good thing, as if they'll be able to come in as the saviors to save us all afterwards.
Tust me, the people of the world are NOT going to look favorably on the worlds control freak politicians. They're the ones that manufactured the crises for their own enrichment and power. People aren't going to want to be BFF with these guys!!!
That Tepper interview was fantastic. Just hilarious. To put it in perspective he was commenting about being long in equities as the credit markets are just about “full” with money from the QE actions across the globe (BOJ announced a new one last night). Money has left equities over the last 2 years and gone into credit markets (look at the near record lows in UST’s). He’s expecting equities to fill the hole as “typical risk averse assets are topping”. He was making a comparison of US markets versus the rest of the world. The guy is very, very, very good at what he does.
Got news for you Dave, this country is way down a slippery slope to oblivion.
It’s going to explode all right, but not what Tepper thinks.
Has he been spending his time in the pot clubs in Colorado??
This reads like one of those articles they inevitably have on “American Greed” that was written about many of the scammers.
If by on verge he means in four years when this apologist, socialist, America hater is out of office and we hopefully have a Conservative, America loving patriot at it’s helm, then I agree.