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Where's the can now.

sadolite
Posts: 10,078
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1/19/2015 6:14:21 PM
Posted: 3 years ago
Is 2015 the year the economy collapses? I have read numerous articles from leading economists that have been actually correct about the economic future more than 50% of the time. What do you think based on your enormous or limited knowledge of economics and debt? I am gonna pull all my cash out of the bank in April or sooner if the tea leaves start to turn brown sooner and use a modest portion of it to buy some junk silver and canned food. I am by no means one of those doomsday people but there is no more money and the fed can't keep pumping 85 million a month into the stock market. It must end, all things must come to an end. When that happens, the stock market will crash as none of the wealth in the stock market is based on any wealth created but rather worthless QE infusions.
Beware of the people who are in your circle but are not in your corner.

And with the stroke of a pen people 18 to 21 who own a gun became criminals and public enemy #1 having committed no crime and having said nothing. Just like the Jews in Germany during WW2. Must be a weird feeling.

When I hear people crying and whining about their first world problems I think about the universe with everything in it and people in wheelchairs and all of their problems go away.
sadolite
Posts: 10,078
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1/19/2015 6:16:50 PM
Posted: 3 years ago
At 1/19/2015 6:14:21 PM, sadolite wrote:
Is 2015 the year the economy collapses? I have read numerous articles from leading economists that have been actually correct about the economic future more than 50% of the time. What do you think based on your enormous or limited knowledge of economics and debt? I am gonna pull all my cash out of the bank in April or sooner if the tea leaves start to turn brown sooner and use a modest portion of it to buy some junk silver and canned food. I am by no means one of those doomsday people but there is no more money and the fed can't keep pumping 85 million a month into the stock market. It must end, all things must come to an end. When that happens, the stock market will crash as none of the wealth in the stock market is based on any wealth created but rather worthless QE infusions.

correction $85 billion not million
Beware of the people who are in your circle but are not in your corner.

And with the stroke of a pen people 18 to 21 who own a gun became criminals and public enemy #1 having committed no crime and having said nothing. Just like the Jews in Germany during WW2. Must be a weird feeling.

When I hear people crying and whining about their first world problems I think about the universe with everything in it and people in wheelchairs and all of their problems go away.
Terrahawk
Posts: 1
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1/22/2015 8:21:11 PM
Posted: 3 years ago
At 1/19/2015 6:16:50 PM, sadolite wrote:
At 1/19/2015 6:14:21 PM, sadolite wrote:
Is 2015 the year the economy collapses? I have read numerous articles from leading economists that have been actually correct about the economic future more than 50% of the time. What do you think based on your enormous or limited knowledge of economics and debt? I am gonna pull all my cash out of the bank in April or sooner if the tea leaves start to turn brown sooner and use a modest portion of it to buy some junk silver and canned food. I am by no means one of those doomsday people but there is no more money and the fed can't keep pumping 85 million a month into the stock market. It must end, all things must come to an end. When that happens, the stock market will crash as none of the wealth in the stock market is based on any wealth created but rather worthless QE infusions.

correction $85 billion not million

Gosh - I don't know! My gut feeling is that investors need to find somewhere to put their money and, with interest rates barely above zero, stocks may still have some life in them (and many pay dividends as well). I'd probably look at a mix of stocks and gold (the latter a hedge against currency debasement and inflation) - the gloomier you get, the more you should edge towards gold. Your sentiments about the stock market being propped up by an excess of liquidity rather than real performance is absolutely right, and the bubble will burst - sometime.