Executive Summary
- Why economic growth is not going to ride to the rescue
- The alarming warning signs the auto, fine art, retail & housing industries are flashing now
- The actions you should be taking now to protect yourself from (and position for) the coming crash
If you have not yet read Part 1: Why This Market Needs To Crash available free to all readers, please click here to read it first.
Sometimes I wonder if I'm ever going to run out of new things to say about the state of the world, especially economics. The more obvious our predicaments become to me, the less appetite there seems to be ‘out there’ to discuss them.
What more can be said about a system that is so obviously corrupt and destined to fail, and piles up more and more evidence that this is the case, and yet refuses to engage in the most minimal of introspection?
Well, lots as it turns out.
You see, we're finally getting to beginning of the end. Our long national — and global — experiment with using flawed economic models is now running smack dab into reality.
The edifice of central planning omnipotence is crumbling and when it finally breaks down in earnest, the financial markets will implode, the central banks will be overrun and discredited, and investors will discover that overly-long parties come with massive hangovers.
There will be hell to pay.
For reasons we have discussed previously, and extensively, GDP growth has not been a feature of the world stage for over a decade, and is unlikely to return both because of debt levels that are far too high to support rapid growth and because any return of rapid growth will run smack into higher oil prices.
So…how’s that story working out? Not so hot. It’s been sub-par on a global scale for more than a decade. And the same is true for the US.
And here’s where we are today…
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Happy and stupid
Bubbles Are Brutal
Uncletommy: 16 hours ago
Clearly you are a deep thinker
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LesPhelps: 18 hours ago
Darn, I’ve thought
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robie robinson: 1 day ago
Cis, trans
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ezlxq1949: 1 day ago
deep state conspiracy
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davefairtex: 1 day ago
This Decade Vs. Last Decade
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MillenialFalcon: 1 day ago
once again, the brilliance of George shines forth
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ao: 2 days ago
but think of the advantages
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ao: 2 days ago
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