Posted on 11/10/2014 6:31:14 AM PST by blam
Elena Holodny
November 10, 2014
A small firm that predicted the market crash back in 1929 is back with an ominous message.
According to Bloomberg, the Jerome Levy Forecasting center sees a 65% chance of a recession in 2015.
"Clearly the direction of most of the recent global economic news suggest movement toward a 2015 downturn," said David Levy, the chairman of the Jerome Levy Forecasting Center.
Levy's forecasts contrasts with the Wall Street consensus, which is confident growth will continue for years.
Back in 1929, Jerome Levy — grandfather of now chairman David Levy — "didn't like what he saw in his analysis of corporate profits" and rather impressively "sold his stocks before the October crash," reports Bloomberg.
(snip)
(Excerpt) Read more at businessinsider.com ...
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.
.
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.
Dems have learned with the help of foreign governments hostile to the US and republican foreign policy, they can manipulate the US economy to win elections.
You cannot crash an airplane that never left the ground.
Yes you can. Give me the keys to one and I’ll show you.
No. You can’t. I bolted it to the ground, used superglue on all the doors, removed the engine, and encased it in a 50000 ton concrete tomb.
But...but...the media says we’re in an economic recovery. /sarc
Economists have predicted 20 out of the last 10 recessions... :-)
When you ask 5 economists their prediction you will get 6 different answers :-)
Globally the numbers look bleak. The US is the lone bright spot. Hopefully we don’t get dragged down with the ROW.
Ping-
New storage plan for The FR Air Force!
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