Even though what Putin is doing is putting his country back into a recession or recession type of solitude from the rest of the world it might be better than if the whole western world's economies collapse from too big to fail banks making a mistake. Remember, you only need one too big to fail bank fail from almost any country that is international enough in scope to trigger a World Wide Great Depression maybe 20 to 25 times worse than what we experienced from 2008 to 2012.
I think it is not if but when this happens. However, this could happen today or 50 years from now. But, without enough checks and balances it place remember it isn't if it is only When?
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policies
The economy isn't close to recovered from the 2008 financial crisis, and government policy that is too tight could really throw a wrench into things, says Nobel laureate economist Paul Krugman.
"Recovery is far from complete, and the wrong policies could still turn economic weakness into a more or less permanent depression," he writes in The New York Times.
"In fact, that's what seems to be happening in Europe as we speak. And the rest of us should learn from Europe's experience." The eurozone reported zero growth for the second quarter.
Editor’s Note: 5 Reasons Stocks Will Collapse . . .
Krugman thinks that Fed Chair Janet Yellen gets it. "She has made it clear that she would rather take the chance of a temporary rise in the inflation rate than risk hitting the brakes too soon," he writes.
"The bad news is that she and her colleagues are under a lot of pressure to do the wrong thing from the too-muchers, who seem to have learned nothing from being wrong year after year, and are still agitating for higher rates," Krugman adds, referring to those who believe the things governments and central banks are doing are setting the stage for something even worse.
The Fed has kept its federal funds rate target at a record low of zero to 0.25 percent since December 2008.
Steven Wieting, global chief strategist for Citi Private Bank, sees some trouble ahead for the economy, though he speaks in less dire terms than Krugman.
"I hear more and more that this is going to be an endless bull market, that there are no cyclical downturns," Wieting tells CNBC. "I think the evidence we've had this year is that, in fact, we have a finite recovery."
...And Krugman Is Not The Only One
One of the nation's foremost economists, Bob Weidemer, just put together a new video proving that the stock market is overdue for a massive correction.The last two times the market was overextended this much, stock collapsed by 20% to 50%. It’s no longer a matter of if the collapse will happen, it is a matter of when and how protect your wealth!
I encourage you to watch this new video to keep your family's wealth safe from the upcoming collapse.
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Read Latest Breaking News from Newsmax.com http://www.newsmax.com/MKTNews/Krugman-economy-depression-policies/2014/08/18/id/589358/#ixzz3AocVzfv3
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I personally think what is important is to keep enough cash out of major investments to cover you and your family at least for one year or to have something like an expensive car or other investment like Gold or something like that that you could easily sell to convert to cash. Because if the market goes it could go like 1929 and be gone for several years like in 2009:
Stock market crash - Wikipedia, the free encyclopedia
en.wikipedia.org/wiki/Stock_market_crash
Jump to Crash of 2008–2009 - [edit]. Main article: Financial crisis of 2007–08. The collapse of Lehman Brothers was a symbol of the Crash of ...
Wikipedia
United States bear market of 2007–09 - Wikipedia, the free ...
en.wikipedia.org/wiki/United_States_bear_market_of_2007–09
The US bear market of 2007–2009
was declared in June 2008 when the Dow ... The decline of 20% by
mid-2008 was in tandem with other stock markets across .... Black Monday
of the 1987 stock market crash and was followed by a loss of ...
Wikipedia
However, there is nothing now telling me this is happening right now for sure. Whenever people predict things like this just think about what they have to gain in telling you something? This might be important to assess what people are saying.
If you look at the stock market from 1929 to the present it mostly has been gaining ground faster than anything else at a rate of an average of 9% gain a year which beats average inflation which is 4%. So, if you don't make at least 4% on your cash per year then you are losing buying power year on year.
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