Weve been in a rolling Depression for several years now as I understand it.
there’s a 99 percent chance that it will continue at least until obie is out of office, barring a miracle
Interviewing John Hussman: "The Market Is Overvalued By 100%"
No doubt the same people who predicted the 1929 crash are still working there.
It will go up next year. Or down. Or, it might stay the same. We will find out in a year.
If I were a gambling man, I'd bet on "Down". Things are pretty overheated of late. But, again, we will see.
And the Ebola factor.
Duh. The Republicans control both chambers. So, the Dems and their wealthy supporters, (Soros), run the economy aground and blame Republican control of Congress for souring St. Obama’s efforts.
Obama gets a pass.
Wealthy Dems go short, and make money.
Republicans get all the blame, with lots of help from the media.
Clear the decks for Hillary, or Liz Warren.
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Not only is the MSM hiding the terrible economy, but Wall Street and the Fed are complicit in keeping the charade going. Undoubtedly if we return to recession/depression, the MSM and Wall Street will be right there pointing the finger at the newly elected GOP congress.
You cannot crash an airplane that never left the ground.
Economists have predicted 20 out of the last 10 recessions... :-)
Its the Federal Reserve and the money supply. The Fed, the Fed, the Fed.
The economy is still quite weak. If they start aggressively raising rates, hold on to your hat.
BTW, I predicted the crash in 1987, the drop 1998, and the six year peak of 2000.
I consider the source. Business Insider is like the National Enquirer when it comes to economics.
What it all comes down to in our economy and the Global economy in general is “Faith”. Faith that everything is either going well or if it is going worse than normal, that it will get better.
If that faith goes away or gets violently disrupted, aka “losing it all”, then the economy will crash and stay crashed until “faith” is restored.
What I see is that we are in a “FAITH” holding pattern and we are all looking for clues as to which way the economy is going to go. That means the economy and the “faith” holding it up are fragile. Which way is it going to go?
My own personal bet is that it is going to crash and we will end up in a world of hurt and the probability of CWII just will skyrocket at that point.
And then it will takes years... possibly decades before full faith is restored.