I sell industrial supplies...metal and plastic shapes and parts and I can tell you with 100% certainty that the economy went into a tailspin around March and only got worse as the year continued. There would not even be a discussion of this fact if the media hadn't allowed itself to become the propaganda arm of the democrat party. I don't expect things to get a whole lot better anytime soon. In fact I'm anticipating things will get a whole lot worse.
This guy is like Meredith Whitman and Gerald Celente. They predict the end but it nevers happen, but do not discount them because of it. These analysts catch the rot in our financial infrastructure, but cannot predict the powers of central banks, gov and large corporations from coming up with schemes one never dreamed of to prop up the system. Eventually our system will fail or a Black Swan incident causes a collapse of the rotten system. Good news is it allows those who are aware to prepare family and self so when the collapse comes, one can survive.