As the days passed getting closer to the election day, it becomes more and more clear, obvious, and visible to analysts that the re-election of incumbent President Obama will give way to a financial disaster.
Just as we at Real Money USA have been telling our clients and anyone else who would listen since 2007, the financial sky in the United States and globally really is going to fall at some point.
And with the re-installation of someone as America's leader who seems at best nonchalant about the prospect that he might be leading the nation to a new and bigger economic calamity than the one that befell us in 2008, the day of reckoning has come much closer.
There isn't anyone more mainstream to Republican conservatism than Dick Morris; after all, he was one of the masterminds who helped Bill Clinton get re-elected president in 1996. And now in the wake of the presidential election last week, which he predicted would be "a landslide" for Mitt Romney, Morris has begun singing a much darker tune: He is openly predicting a "recession or depression" in 2013 or 2014 because of how Obama will be doubling down on the economic policies that he believes helped him get re-elected, and American business and the financial system recoil.
According to Marc Faber, a financial expert, the financial market will collapse before too long and the value of stocks will lessen to about 20 %. Faber, who also authors the Gloom, Boom and Doom Report, talked about this to CNBC and said that there will be other key reasons for a financial meltdown besides the difficulties in Europe or the much talked about fiscal cliff. He believes that the market will crash because the profits from corporations will be small, a sign that the worldwide economic climate will barely show any increase and may even go down and so stocks will also lose value.
Just as we at Real Money USA have been telling our clients and anyone else who would listen since 2007, the financial sky in the United States and globally really is going to fall at some point.
And with the re-installation of someone as America's leader who seems at best nonchalant about the prospect that he might be leading the nation to a new and bigger economic calamity than the one that befell us in 2008, the day of reckoning has come much closer.
There isn't anyone more mainstream to Republican conservatism than Dick Morris; after all, he was one of the masterminds who helped Bill Clinton get re-elected president in 1996. And now in the wake of the presidential election last week, which he predicted would be "a landslide" for Mitt Romney, Morris has begun singing a much darker tune: He is openly predicting a "recession or depression" in 2013 or 2014 because of how Obama will be doubling down on the economic policies that he believes helped him get re-elected, and American business and the financial system recoil.
According to Marc Faber, a financial expert, the financial market will collapse before too long and the value of stocks will lessen to about 20 %. Faber, who also authors the Gloom, Boom and Doom Report, talked about this to CNBC and said that there will be other key reasons for a financial meltdown besides the difficulties in Europe or the much talked about fiscal cliff. He believes that the market will crash because the profits from corporations will be small, a sign that the worldwide economic climate will barely show any increase and may even go down and so stocks will also lose value.
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Discover the value of gold and silver for your investments. Or, stop by Anne Trimble's site where you can find out all about her latest bookFaith Through The Flames.
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