Markets Set To Implode - Gold Set To Explode
Remember hearing the phrase "Kick the can down the road?" We heard it for months, even years after the credit crisis unfolded and wiped out $7 trillion of wealth - overnight - and without warning. It's a phrase we haven't heard now for months, as though there should never have been any concern over massive money printing and rising debt in the years post crisis.
I guess we are just supposed to believe that debt, rising from $10 trillion to $12 trillion then $15 trillion should have caused concern. But, now that debt is $17 trillion, headed for eighteen then twenty, means WE ARE IN THE CLEAR!!! Any talk now of another debt crisis has become folly in the face of report after report that says the economy is in recovery. That which we hear the most has indeed become the truth we accept.
Not all of us, however, have forgotten the crisis. Or, that it struck without warning after claims the economy was growing, there was nothing wrong with Fannie and Freddie and home prices could keep rising at a blistering rate of 20% per year. These too, were things we heard that became the truth we accepted after hearing it a billion times.
Today, there remains but a few voices who have not forgotten the 2008 crisis and how it blind-sided the world. But, just as the shepherd boy cried "wolf" these cries are now falling on ears of unbelievers. Once again the stage is set. Should a crisis strike now, millions of investors would be caught unawares.
For those who actually listen to the cries and seek justification for the alarm caused, some horrifying truths begin to emerge. Two indicator lights are beginning to blink and signal an all out market crash. The first blinks yellow. This headline from zerohedge.com.
The Last Two Times This Happened, the Stock Market Crashed
Still not concerned? The second indicator is flashing red. This headline from MoneyNews.com.
WARNING: Stocks Will Collapse by 50% in 2014
The "Warren Buffett Indicator," also known as the "Total-Market-Cap to GDP Ratio," is breaching sell-alert status and a collapse may happen at any moment.
I guess we are just supposed to believe that debt, rising from $10 trillion to $12 trillion then $15 trillion should have caused concern. But, now that debt is $17 trillion, headed for eighteen then twenty, means WE ARE IN THE CLEAR!!! Any talk now of another debt crisis has become folly in the face of report after report that says the economy is in recovery. That which we hear the most has indeed become the truth we accept.
Not all of us, however, have forgotten the crisis. Or, that it struck without warning after claims the economy was growing, there was nothing wrong with Fannie and Freddie and home prices could keep rising at a blistering rate of 20% per year. These too, were things we heard that became the truth we accepted after hearing it a billion times.
Today, there remains but a few voices who have not forgotten the 2008 crisis and how it blind-sided the world. But, just as the shepherd boy cried "wolf" these cries are now falling on ears of unbelievers. Once again the stage is set. Should a crisis strike now, millions of investors would be caught unawares.
For those who actually listen to the cries and seek justification for the alarm caused, some horrifying truths begin to emerge. Two indicator lights are beginning to blink and signal an all out market crash. The first blinks yellow. This headline from zerohedge.com.
The Last Two Times This Happened, the Stock Market Crashed
The last two times when margin debt reversed and fell after a record-breaking spike, all hell broke loose. In 2000, it was simultaneous. In 2007, it was delayed by a few months. Today, on the surface, everything is still hunky-dory. The Dow is just fractions below its all-time high . . . But beneath the surface, parts of the stock market are already coming unglued . . .
Still not concerned? The second indicator is flashing red. This headline from MoneyNews.com.
WARNING: Stocks Will Collapse by 50% in 2014
The "Warren Buffett Indicator," also known as the "Total-Market-Cap to GDP Ratio," is breaching sell-alert status and a collapse may happen at any moment.
Others join the cry of the wolf. (Remember the wolf ultimately came to devour the sheep.)
Famed Investor Marc Faber says a crisis could strike again any day. Chris Martenson says it's not a matter of "if" but "when". And, David Stockman leads the chorus with extremely dire warnings of another even more devastating crisis.