Only 60%?
Proctor and Gamble has a P/E under 19, Ford under 10, meaning yeilds of greater than 5% and 10% respectively. (P&G was under 10 P/E a few years ago.) People are not going to stop buying soap, and will probably want pickup trucks and SUVs for the foreseeable future.
I don’t care what you swami sees in his crystal ball.
From the article:
“In a recent interview, Robert Wiedemer — an economist best known for correctly predicting the collapse of the U.S. housing market of 2006 and the stock market collapse of 2008 — provides disturbing evidence for 50 percent unemployment, a 90 percent stock market crash, and 100 percent annual inflation . . . starting this year.”