If this prediction comes true, even the dumbest, most ignorant, self-absorbed indolent Obama supporter, even these, will not be able to deny that the boom is the anticipation of Obama and Clinton, and any similar traitors wishing to fundamentally transform the United States, leaving the political scene for at least 8 years, perhaps forever.
There is no question that the depression we have experienced the last 8 years was in anticipation of the possibility that a total incompetent might be elected as president.
Is there any doubt that the "gut feeling" of the economy knowledgeable segment of the population at that time was "dead on?"
“There is no question that the depression we have experienced the last 8 years was in anticipation of the possibility that a total incompetent might be elected as president.”
Absolutely. My husband lost his job weeks before Obama was elected because his company and many others were able to read the tea leaves. I like to call it the Great American Job Shedding of 2008.
No. It’ was the result of bad banking practices. Leverage, low tier capital ratio requirements and the creation of money through the emission of credit.
It was not helped by the central banks with quantitative easing and low yields but remember that was just a bandaid to stop the whole “tanks in the streets” scenario.
I remember when the subprime collapse went down and thought to myself that inflation/hyperinflation was the only way out of the mess. I was partly correct and considered buying PMs. The problem is that other than industrial and commercial uses, it’s every bit as speculative as equities. I missed the boat at 925 on gold and had a friend try to talk me back into it at 1600. I told him I thought it was overvalued at 925. Why would I buy in at 1600?
The fed has chosen to inflate by controlling the ex nihlo currency it creates. If it winds up in the hands of the average man prices for everything will soar. But if you only take care of the people that will invest it to,prop up markets, it gives the rosy illusion that things are well because big money only wants to keep the party going.
Dow 50k? Not as crazy as,I once believed.