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It’s going to end ‘extremely badly,’ with stocks set to plummet 40% or more {TR}
CNBC ^ | 24 Jun 17 | Stephanie Landsman

Posted on 06/25/2017 6:11:36 PM PDT by SkyPilot

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To: SkyPilot

Thats him


61 posted on 06/25/2017 9:32:22 PM PDT by al baby (May the Forceps be with you Hi Mom Its a Joke friends)
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To: SkyPilot

.


62 posted on 06/25/2017 9:36:21 PM PDT by Concentrate (ex-texan was right. And Always Right was wrong, which is why we lost the election. ( Pizzagate, Podt)
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To: SkyPilot

If such a crash happens, lead will be worth far more than gold, if you get my drift.


63 posted on 06/25/2017 9:40:03 PM PDT by july4thfreedomfoundation ("You can't fix America without pissing off the people who broke it".....Bill Mitchell)
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To: SkyPilot

That’ll probably be the nose under the tent. FedGov will mandate some 10% per account in govt bonds - as a safety measure. The percentage will gradually increase through the years until somewhere around 50% will have to be invested in .01% gvmt paper.


64 posted on 06/25/2017 9:44:06 PM PDT by Sgt_Schultze (When your business model depends on slave labor, you're always going to need more slaves.)
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To: JohnBrowdie

“He has predicted 23 of the last 2 recessions.”

LOL!


65 posted on 06/25/2017 10:23:47 PM PDT by aquila48
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To: proxy_user

Once the boomers start spending their retirement money, things will get interesting.

I expect a call to “nationalize” the 401k.


66 posted on 06/26/2017 5:24:15 AM PDT by redgolum
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To: JohnBrowdie
He has predicted 23 of the last 2 recessions.

LOL - good one John...

67 posted on 06/26/2017 5:35:03 AM PDT by GOPJ (Blacks spend too much time worrying about what white people think of them.)
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To: SkyPilot
If Faber gets a black swan event: one Illinois default = no; but an Illinois, Puerto Rico, Connecticut, Massachusetts, Hawaii, and New Mexico default within three months = maybe. There are states with worse unfunded public pension liabilities, and if Illinois truly goes bankrupt (and it might), that's a psychological barrier broken forever.

Of course, Congress has to permit states to declare Chapter 9 ... but why wouldn't Democrat Swamp dwellers use blue states as pawns against the President? Certainly Shuck Fumer's "Indy Mac" letter springs immediately to mind...

68 posted on 06/26/2017 5:42:50 AM PDT by StAnDeliver (Prosecute the win. Run up the score.)
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To: redgolum

The money going into these accounts, I believe, is mostly post-boomer. There are a surprising number of people between 30 and 50 who make very good money.


69 posted on 06/26/2017 6:04:23 AM PDT by proxy_user
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