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It’s going to end ‘extremely badly,’ with stocks set to plummet 40% or more {TR}
CNBC ^
| 24 Jun 17
| Stephanie Landsman
Posted on 06/25/2017 6:11:36 PM PDT by SkyPilot
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To: SkyPilot
61
posted on
06/25/2017 9:32:22 PM PDT
by
al baby
(May the Forceps be with you Hi Mom Its a Joke friends)
To: SkyPilot
62
posted on
06/25/2017 9:36:21 PM PDT
by
Concentrate
(ex-texan was right. And Always Right was wrong, which is why we lost the election. ( Pizzagate, Podt)
To: SkyPilot
If such a crash happens, lead will be worth far more than gold, if you get my drift.
63
posted on
06/25/2017 9:40:03 PM PDT
by
july4thfreedomfoundation
("You can't fix America without pissing off the people who broke it".....Bill Mitchell)
To: SkyPilot
That’ll probably be the nose under the tent. FedGov will mandate some 10% per account in govt bonds - as a safety measure. The percentage will gradually increase through the years until somewhere around 50% will have to be invested in .01% gvmt paper.
64
posted on
06/25/2017 9:44:06 PM PDT
by
Sgt_Schultze
(When your business model depends on slave labor, you're always going to need more slaves.)
To: JohnBrowdie
“He has predicted 23 of the last 2 recessions.”
LOL!
65
posted on
06/25/2017 10:23:47 PM PDT
by
aquila48
To: proxy_user
Once the boomers start spending their retirement money, things will get interesting.
I expect a call to “nationalize” the 401k.
66
posted on
06/26/2017 5:24:15 AM PDT
by
redgolum
To: JohnBrowdie
He has predicted 23 of the last 2 recessions.LOL - good one John...
67
posted on
06/26/2017 5:35:03 AM PDT
by
GOPJ
(Blacks spend too much time worrying about what white people think of them.)
To: SkyPilot
If Faber gets a black swan event: one Illinois default = no; but an Illinois, Puerto Rico, Connecticut, Massachusetts, Hawaii, and New Mexico default within three months =
maybe. There are
states with worse unfunded public pension liabilities, and if Illinois truly goes bankrupt (and it might), that's a psychological barrier broken forever.
Of course, Congress has to permit states to declare Chapter 9 ... but why wouldn't Democrat Swamp dwellers use blue states as pawns against the President? Certainly Shuck Fumer's "Indy Mac" letter springs immediately to mind...
68
posted on
06/26/2017 5:42:50 AM PDT
by
StAnDeliver
(Prosecute the win. Run up the score.)
To: redgolum
The money going into these accounts, I believe, is mostly post-boomer. There are a surprising number of people between 30 and 50 who make very good money.
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