Posted on 04/25/2013 3:58:53 AM PDT by blam
ALBERT EDWARDS: Stocks Will Crash, Hyperinflation Will Come, And Gold Will Go Above $10,000
Joe Weisenthal
April 25, 2013
This is always reassuring. SocGen strategist Albert Edwards remains an ultra-bear, and predicts everything will go to hell.
In his new note he writes:
We still forecast 450 S&P, sub-1% US 10y yields, and gold above $10,000
My working experience of the last 30 years has convinced me that policymakers’ efforts to manage the economic cycle have actually made things far more volatile. Their repeated interventions have, much to their surprise, blown up in their faces a few years later. The current round of QE will be no different. We have written previously, quoting Marc Faber, that “The Fed Will Destroy the World” through their money printing. Rapid inflation surely beckons. But that will not occur without firstly a Japanese-style loss of confidence in policymakers as we dive back into recession and produce dislocative market moves.
So yeah, it goes on from there. Lots of doom. This is why everyone loves Albert Edwards.
(Excerpt) Read more at businessinsider.com ...
Artificially holding interest rates down and pumping liquidity by the billions into the markets will only prolong the big pop.
With lethargic / paltry organic economic activity throughout the nation, as soon as the printing stops, markets will reveal the real deal.
These chickens will soon come home to roost.
By the way, I'm not an economist by trade, but I did stay in a Holiday Inn Express last night. hehe
“WHEN” is the only question we have. We are going to live through a GREATER DEPRESSION and it could be avoided but... there is nothing on the table right now in dc that would help... nothing will be done because we (voting public) have voted in America’s demise. PRAYER is the only thing left that might change dc (we do have 2014 but fraud and theft may prove insurmountable)... maybe the hearts of enough in dc will be moved to turn this ship away from danger. Prepare for the worst... prepare for beyond how bad that you think it will get... because it will be even worse than that.
LLS
Yes, there is no doubt that an economic collapse is coming. To be brutally honest, it is something that is needed to “reset” society.
I wrote the other day that if the nation didn’t wake up to the Islamic threat to the US after 9/11, then nothing short of a nuclear explosion will.
I think people have to e personally affected by tragity to truly convert their thinking. With the economy, the government and most of the population is addicted to deficit spending. They absolutely refuse to spend within their limit. They only way to stop this and to bring sanity back is a complete economic collapse.
So what he’s saying is I should go with a fixed 30-year mortgage at 3.8% vs. a 15-yr. at 2.75?
What’s his timeline for all this?
Hard words - probably true, and yet - a "reset" is a volatile, dangerous and totally unpredictable phenomenon.
him and his crystal ball
Until the Takers are forced to work a hard days labor in order to fill their stomachs there will be no true reset.
Frankly, I'd like to see it collapse while a few people still remember what capitalism was like.
Nothing to worry about, we can keep printing money FOREVER to cover our TRILLION dollar deficits as far as the eye can see.
We don’t know when - but we do know it’s coming.
The Fed thinks it can reverse cause and effect. A good economy produces wealth, which can be represented by the purchasing power of a currency. Printing money can’t create wealth.
This is terrible.
How are the illegal immigrants going to get money?
Oh, silly, of course, the DNC and RNC will come up with it.
Phew!
There will likely be a runup in “prosperity” before the inevitable crash, though.
And the title’s wrong. Gold won’t be $10,000 per ounce. The dollar will be worth 1/10000th oz.
Bring back American jobs.
That is to say, jobs in America.
Making things here. For our use. And for export.
When is a problem for all the predictors...how long and how far can the government 'kick-the-can'?
what about sea shells? many nations used them throughout history as currency.
I suggest investing in them!
/s
Predicting the future is very hard. Impossible. Read the book Future Babble.
And there are weak sisters on another thread saying we should sell all our gold now.
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