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Regardless of hyperbole, I can't name one prediction he's made that hasn't come true. He's an analyst - he simply reads the information available from multiple different published sources (the math as he calls it), you know the stuff NO ONE actually reads, and pulls it all together.

Not particularly difficult in its own regard. The genius is the insight into relationships, and knowledge of historical market events that all follow the same credit expansion -> debt-deflation cycles, which in turn allow him to make spot on predictions.

Here's one he's made within the last hour:

Nearly half of our population is DEPENDANT on some form of entitlement check, whether it be public (e.g. SS, Medicare, Public Pensions, etc) or private (private pensions, annuities, etc) That will ALL disappear, leaving 50% of the population homeless, jobless, and penniless. How long do you think that will remain "peaceful"? Hours? Maybe?

Good point! Though with his forecast and perspective- we don’t need any hyberbole...reality is rough enough.

It’s worth remembering the “depression” didn’t happen overnight after the Crash in ‘29..it took time for the effects to flow out into the country.

Not sure if you’re listening to Rush- but he’s discussing this the topic of the economy now...he’s sobering..

Denninger’s point of view is worth reading these days, as long as one remembers to tune their ear to his often hyperbolic mood.

I agree about the hyperbole, and also that he is worth reading -- to find out what scenario is 10X worse than what will actually happen. He makes grand inferences from the specific to the general...i.e. a particular bank's shares lose 90% therefore the entire economy and the currency will lose 90%. On hardcore trader's boards -- both bull and bear -- he is in the entertainment category, not the oracle category.

The AA sentiment survey today hit a record high for bearishness -- this is a very bullish factor for the market. Too many people on one side of the boat, the other side of the boat compared to the last 5 years. Many people who have been bulls all their life suddenly now are grapes of wrath bears. OTOH, the P/C ratio is far too low for a real rally right here.

The chartists I most respect are now expecting a capitulation washout -- hundreds or thousands of downside points in the imminent future. To be followed by a V-bottom and significant bullish run.