The recession which began in December 2007
August 8th 2011 05:11
he story remains pretty much unchanged relative to what I have been discussing over the past several months.
The recession which began in December 2007 is still in progress.
This recession is one month shy of the first and most severe recession during the Great Depression.
America is in the midst of its Second Great Depression.
This depression will last at minimum until 2020; it could last much longer.
There will never be a real recovery from this depression for most Americans.
There will be no hyperinflation in the U.S. as a result of the depression.
The depression will heighten due to inflation, although we will see short deflationary periods.
Europe faces a high chance of a long deflationary period.
The European Union will most likely be very different by 2020 than it is today.
If Germany were to leave the EU, it would surely collapse.
The vast majority of jobs lost (90%) since December 2007 (more than 9 million) will never return.
The U.S. stock market no longer serves as a gauge of the health of the U.S. economy.
The U.S. stock market will remain volatile for many years, with strong rallies and large corrections.
Gold and silver prices will collapse to $300 to $400 and $7 to $12 at some point within the next several years.
With rare exception, real estate has never been a good investment from a financial standpoint.
Oil prices will remain high as long as the U.S. remains as war in the Middle East.
It is very likely we will see World War III by or before 2020 (it could be argued to have already begun).
The recession which began in December 2007 is still in progress.
This recession is one month shy of the first and most severe recession during the Great Depression.
America is in the midst of its Second Great Depression.
This depression will last at minimum until 2020; it could last much longer.
There will never be a real recovery from this depression for most Americans.
The depression will heighten due to inflation, although we will see short deflationary periods.
Europe faces a high chance of a long deflationary period.
The European Union will most likely be very different by 2020 than it is today.
If Germany were to leave the EU, it would surely collapse.
The vast majority of jobs lost (90%) since December 2007 (more than 9 million) will never return.
The U.S. stock market no longer serves as a gauge of the health of the U.S. economy.
The U.S. stock market will remain volatile for many years, with strong rallies and large corrections.
Gold and silver prices will collapse to $300 to $400 and $7 to $12 at some point within the next several years.
With rare exception, real estate has never been a good investment from a financial standpoint.
It is very likely we will see World War III by or before 2020 (it could be argued to have already begun).
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