87% Risk of Stock Crash by Year-End
Here are 10 other predictions adding credibility to a crash by the end of 2013:
1. Warren Buffett ?guaranteed? new bubble, new recession four years ago
Actually he saw it coming early. Shortly after the 2008 crash Warren Buffett was asked: ?Do you think there will be another bubble leading to a huge recession?? Yes, ?I can guarantee it.? Cycles happen.
Next question: ?Why can?t we learn the lessons of the last recession? Look where greed has gotten us.? Then with the impish grin of a Zen master, Uncle Warren replied, ?Greed is fun for a while. People can?t resist it.? But ?however far human beings have come, we haven?t grown up emotionally at all. We remain the same.?
Yes, one of world?s richest men was personally guaranteeing another bubble, another ?huge recession.? Now, four years later, that time bomb is ticking louder, closer.
2. Federal Reserve?s Council: ?Unsustainable bubble in stocks, bonds?
The International Business Times just reported on the minutes of the Federal Reserve Board Advisory Council?s mid-May meeting. Members expressed ?strong concerns over the Fed?s low-interest-rate policies and its bond-purchase program, which they say could trigger unmanageable inflation and an ?unsustainable bubble? in the stock and bond markets.? Some ?pointed out that near-zero interest rates could not be sustained in the long run.?
Why? ?A spike in inflation could force the Fed to hike interest rates, hurting business confidence and consumer spending, and prove disastrous to the U.S. economy, which is still clawing its way back from the debilitating effects of the 2008 financial crisis.?
Get it? The Fed and Wall Street insiders hear something?s dead ahead.
3. Peter Schiff is ?doubling down? on his ?doomsday? prediction
Euro Pacific Capital CEO Peter Schiff, author of ?The Real Crash: America?s Coming Bankruptcy,? is ?not backing away from doomsday predictions about the U.S. economy,? wrote MarketWatch?s Greg Robb last week. He sees the no-win scenario: ?Either the Fed stops QE and starts selling the Treasurys and mortgage-related assets on its balance sheet, thus triggering a recession, or else faces an inevitable, even-worse, currency crisis.?
The ?idea that the U.S. economy is in recovery is based entirely on rising asset prices ... Asset prices are only rising because rates are low. As soon as rates go back up, asset prices will? fall.
1. Warren Buffett ?guaranteed? new bubble, new recession four years ago
Actually he saw it coming early. Shortly after the 2008 crash Warren Buffett was asked: ?Do you think there will be another bubble leading to a huge recession?? Yes, ?I can guarantee it.? Cycles happen.
Next question: ?Why can?t we learn the lessons of the last recession? Look where greed has gotten us.? Then with the impish grin of a Zen master, Uncle Warren replied, ?Greed is fun for a while. People can?t resist it.? But ?however far human beings have come, we haven?t grown up emotionally at all. We remain the same.?
Yes, one of world?s richest men was personally guaranteeing another bubble, another ?huge recession.? Now, four years later, that time bomb is ticking louder, closer.
2. Federal Reserve?s Council: ?Unsustainable bubble in stocks, bonds?
The International Business Times just reported on the minutes of the Federal Reserve Board Advisory Council?s mid-May meeting. Members expressed ?strong concerns over the Fed?s low-interest-rate policies and its bond-purchase program, which they say could trigger unmanageable inflation and an ?unsustainable bubble? in the stock and bond markets.? Some ?pointed out that near-zero interest rates could not be sustained in the long run.?
Why? ?A spike in inflation could force the Fed to hike interest rates, hurting business confidence and consumer spending, and prove disastrous to the U.S. economy, which is still clawing its way back from the debilitating effects of the 2008 financial crisis.?
Get it? The Fed and Wall Street insiders hear something?s dead ahead.
3. Peter Schiff is ?doubling down? on his ?doomsday? prediction
Euro Pacific Capital CEO Peter Schiff, author of ?The Real Crash: America?s Coming Bankruptcy,? is ?not backing away from doomsday predictions about the U.S. economy,? wrote MarketWatch?s Greg Robb last week. He sees the no-win scenario: ?Either the Fed stops QE and starts selling the Treasurys and mortgage-related assets on its balance sheet, thus triggering a recession, or else faces an inevitable, even-worse, currency crisis.?
The ?idea that the U.S. economy is in recovery is based entirely on rising asset prices ... Asset prices are only rising because rates are low. As soon as rates go back up, asset prices will? fall.
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