Gerald Celente Finally Gives a Date for U.S. Economic Collapse

The Market Oracle ^ | 5-4-2014 | Nadeem Walayat

[blam]

Gerald Celente Finally Gives a Date for U.S. Economic Collapse

Economics / US Economy
May 03, 2014 - 07:54 AM GMT
Nadeem Walayat

Gerald Celente, a popular gloom and doom blogger and publisher of the TR Journal finally gives a date for the always coming economic collapse that I must have been hearing about for 5 years now.

WLW Radio - 30th April 2014

"Your predicting an economic collapse, when do you think that is going to happen Gerald?"

"I am going to say by the end of the second quarter." - Gerald Celente

Apparently the straw that broke the camels back was the bad U.S. GDP data for Q1 of just 0.1%, currency devaluation and Fed QE. Though off course the GDP numbers for Q1 were bad, this was more or less EXPECTED, apparently all it takes is a few days of sunshine for everyone to have forgotten snowmageddon for much of Q1.

This is what I expect to happen for Q2 - A STRONG U.S. economic rebound that recoups much of the weakness of Q1, in fact I would not be surprised if U.S. April to June GDP comes in as high as above 1% (including any upwards revision to Q1), never mind collapse!

Now back to Gerald on his expectations for Q2 economic collapse, great to finally have a date on it!

(snip)

[Georgia Girl 2]

I like Gerald Celente but personally I think the Fed Reserve will do its machinations and manage to keep the stock market afloat by manipulating and printing.

IMO the govt knows we are heading for a terrible economnic crash and they know they cannot stop it so they will drag things out as long as possible. Would not surprise me if they can keep the US Minnow afloat another 18-24 mos.

[TomasUSMC]

This first quarter drop is the biggest when you include the false 3 percent that is already being added to the GDP, AND....THE DROP FROM THE PREVIOUS QUARTER.

So the drop from one quarter to the other is around......................9 PERCENT!!!!!!!