The abomination of desolation and his evil genius mentor sitting to his right.
Posted on 01/20/2016 9:01:18 AM PST by amorphous
The robo-machines are now having a grand old time hazing the August lows at 1870 on the S&P, and may succeed in ginning up another dead-cat bounce or two. But this market is going down for the count owing to a perfect storm.
To wit, the global and US economies are heading into an extended deflationary recession; S&P earnings peaked at $106 per share more than a year ago and are already at $90, heading much lower; and the central banks of the world are out of dry powder after a 20-year binge of balance sheet expansion.
The latter is surely the most important of the three. It means there will be no printing press driven reflation of the financial markets this time around. And without more monetary juice it’s just a matter of time before a whole generation of punters and front-runners abandon the casino and head for the hills.
(Excerpt) Read more at davidstockmanscontracorner.com ...
dow down over 400 points
As I have predicted all year we are heading for a deflationary depression. Buckle up its going to be a bumpy ride.
1859 is the support line. Below that, a chasm.
I think demands on government will necessitate the printing of more and more money from "thin air". This will inflate the prices of many goods and services people can't do without, like toilet paper.
We all better "rope up" - It's going to get much worse before it gets better, even if Cruz/Trump take office next year.
‘You didn’t earn that’.
Only 365 days left for Obama Al-Hawaii to destroy America....don’t give up hope folks, he’s not JV.
The abomination of desolation and his evil genius mentor sitting to his right.
Gold is on a tear today - over $18 now.
But I believe that the end result will be a Republican tsunami. This is all Obama's doing. The democrat party will suffer for it.
I recommend Stockman’s book...The Great Deformation
It’s lengthy and somewhat difficult reading, but it tells a scary story.
I have to say I think this is a total devolving spiral and its going to be worse than an inflationary depression. When the currency crashes people will go to gold and silver as a safe haven. That is what always happens.
Its going to be really bad and it does not matter who we elect President it will take years to work our way out of this one.
Completely agree. I just ordered more seeds for the garden!
Superb investment strategy!
Yes we have spent the last year practicing our gardening skills on a raised bed and in containers. As soon as it warms up we are getting chickens. I think 6 years of prepping is going to pay off.
The shemitah is upon us.
I’ve got Kruggerands I bought in the Carter era, LOL
You're right about prepping. I hope more and more people start to do so. I've been growing in containers too, and this year I plan to try fabric bags for some things, like tomatoes.
No doubt the recent fall in gold prices hasn't caused you any loss of sleep then. :-)
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