Posted on 10/10/2016 12:56:12 PM PDT by MarchonDC09122009
Edited on 10/10/2016 1:16:43 PM PDT by Admin Moderator. [history]
Bank of America has a recession warning that's downright 'scary'
There's a chilling trend in the market, and it could wreak havoc on your portfolio, a top market watcher said.
"We are seven years into a full-fledged, all out, central bankers doing everything they can to stimulate demand," Bank of America-Merrill Lynch's head of U.S. equity and quantitative strategy Savita Subramanian recently warned on CNBC's " Fast Money ."
(Excerpt) Read more at yahoo.com ...
The Left’s Marxism is transforming America into the USSR/Mao’s China/Fidel’s Cuba, and no one raises any objections.
Don’t forget to take your dividend income into account before making a sell decision.
BBB
For later.
I will raise my objection November 8th.
“... when (not,,-if) the bottom falls out..............when it gives....get out of the way because there is no bottom or Safety Net this time..”
I expect nothing less than 30 million democrats dead within the month. Remember what happened after hurricane Katrina, tens of thousands of democrats just sat around dying while waiting for the GOVERNMENT to come and save them. This will be magnified a hundred fold.
Anyone who depends on the government for survival will not survive what’s coming.
After this, the people will rise up against the officials who caused it. There will be payback and gnashing of teeth.
And just wait till baby boomers find that their retirement funds won’t sustain their lifestyle, ie: mortgage and tax payments, etc.
Massive sell off affecting Millions of their homes will crash the real estate market in spite of low mortgage rates.
Low wages and high unemployment won’t save the day.
Go long on used RV market, dog food, and euthanasia center franchise futures.
RE: “the problem is that demand is drying up.
there is too much everything.
cars last longer.
the housing boom, in most areas, is history.
there is too much empty commercial real estate.
automation is taking jobs.
interest rates are zero, because we dont need anything.
actions by the Federal Reserve System dont affect anything,
because interest rates are zero.
When the Fed loans money to the banks,
the banks deposit that money at the Fed. nothing changes.
same in Europe.”
The election is November 8th. The first Monday afterwards is the 14th, and it’s a full moon.
I’ve tried to get a friend to move into bonds. But then I’m not always right. I had a little in a 403(b) that I moved to bonds before 2008. When I was forced to cash it out in this joke of an economy, which I call Depression II, the guy on the other end of the phone told me I was one of the few customers he had that actually he was able to say “made money”.
Well, it wasn’t much and it’s long, long gone.
At this point, I hope you’re prepping with food, water, canned juices, soda and a way to defend yourself. This will not end well.
It's a start.
Often a war results, to divert “the peoples” attention.
At least history shows that in several cases.
[Anyone who depends on the government for survival will not survive whats coming.]
I agree.
Ah, a Tuesday. Makes sense. OK, I’ll reconfigure my prediction of a Black Friday on November 11 or the following Monday, for a Black Monday on the 14th. If DT wins; because the NWO people are gonna be incredibly ticked off.
Thanks for the correction and info.
Oops, yep should have looked at November 8 not 4th. Oops.
Oh wow. How about that. Scary.
Guess I was off by 4 days. I remembered an old date, so it’s the 8th.
My guess Obama and the boys will try to keep the shell game going until at least election day. That is, if he doesn’t get us into war with the Russkies in Syria before then.
Friday Nov 11 is Veterans Day. Banks are closed. Also the CCR is over on Dec 9. So govt shutdown.
Always has been.....
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