Alstry making DEPRESSION call
Actually THE GREATEST DEPRESSION call.
From almost every metric, the Depression we are likely to enter will be WORSE than the one our nation faced in the thirties. Higher unemployment. More bankruptcies. Greater distress. At this point, based on the current trajectory...I have little doubt we are heading in that direction.
Asset prices...homes, commercial real estate, vacation properties ect....are likely to drop 50-80%.
Unemployment, as measured by any reasonable definition will likely to exceed 30%.
Somewhere around 3/4 of all publicly traded companies and/or private businesses will likely go bankrupt.
The consequences to America and Americans will be much harsher this time, in relative terms, because in the thirties we were an ascending economy with little leverage and now we are a decending economy that is highly leveraged.
The pain will be spread around the world, but the relative pain will be the Greatest in our country...assuming you are in America. There will be tremendous opportunities available for those able to navigate through the strom. TMF potentially could become one of the most important cites on the web if it chooses to inform its readers with relevant information.
This is just my call.....whether it happens or not is ripe with uncertainty....unless of course you are a believer in Alstrynomics.
PS...please don't tell Sinchi....but I might be changing my views on gold.......I don't want him to get too excited.