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Neither party advocates growth stimulating policies. Bipartisan complicity assures worse times ahead. Why voters elect these scoundrels they'll have to explain.
Other analysts also forecast impending market trouble. Some think 2008 will pale in comparison. The late Bob Chapman predicted it years ago. He said expect protracted/unprecedented hard times. Don't bet against him being right.
What's coming only time will tell. Hindsight provides the best insight. Advisor Perspectives Doug Short says prepare for up to a 51% financial market decline.
Profits are being squeezed for the first time in three years. Revenues are on a similar glide path. Perhaps they're precursors of things to come.
Euro Pacific Capital's Peter Schiff says what happened in 2008 "wasn't the real crash." The "real (one) is coming."
Economist Robert Wiedemer warned about 2008. He's alerting people now to expect worse.
Financial author Harry Dent expects up to a 60% market decline. "We have the greatest debt bubble in history. We will see a worldwide downturn. And when you are in this type of recessionary environment stocks should be trading at five to seven times earnings."
Before the 2008 crash, hedge fund manager John Paulson made about $20 billion shorting the US housing market. Now he's betting heavily against the euro.
Investor Jim Rogers warns about an impending "Financial Armageddon." He expects it post-US elections. He's extremely critical of monetary madness. The world is "drowning in too much debt," he stresses.
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