Galt's Gulch

Hard Core Doom Porn, by Robert Gore

Posted by straightlinelogic 7 years, 2 months ago to Business
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Long-time readers will point out that SLL has been issuing warnings for years. Again, guilty as charged. However, we’ll join Mr. Prechter and company in their prediction that US equity markets top out before the end of this year. (They called last year’s top in the government bond market, adding to an impressive list of correct calls.) If we’re wrong, it won’t be the first or last time. If we’re right, given the magnitude of what’s coming, being a few years early won’t matter at all. Our concluding clichés: fear is stronger than greed and markets go down much quicker than they go up.

This is an excerpt. For the complete article, please click the above link.
SOURCE URL: https://straightlinelogic.com/2017/10/11/hard-core-doom-porn-by-robert-gore/

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  • Posted by $ Olduglycarl 7 years, 2 months ago
    It's amazing all has not come crashing down yet, forecast always a few months ahead but never comes to pass only to warned again and again.

    Still, I stick to my guns and practice responsible caution and simply warn others to keep some cash and an evacuation plan.

    Heard a week ago that Trumpet may push to go back on the Gold Standard. The US. still holds the most..."supposedly". Scuttle butt from the central bankers is that they will by in only if gold goes to 10K an ounce.

    Seems unlikely to me but in today's world?...your guess is as good as mine.
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  • Posted by mia767ca 7 years, 2 months ago
    great summary of what is playing out behind the scenes...(finally got time off today due to snow storm 3 days before we close Yellowstone for the winter...will be heading back to florida after we store RV in Arizona...will be in touch)
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  • Posted by term2 7 years, 2 months ago
    Its time to be a "prepper" I think, and move to the country where life will be sustainable in the face of societal collapse or semi-collapse. The spread of entitlement will make living around large groups of people very dangerous.
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  • Posted by chad 7 years, 2 months ago
    Good job Robert. Makes me glad I have a small parcel of land in an isolated community and food stored away. The central bankers have managed to keep inflating the balloon, each time I thought it would pop they found another creative way to prolong it. Unfortunately it has also meant the increase of debt and confidence that can only end in a larger disaster than if it had collapsed earlier.
    The only thing I didn't decipher; what is 'SLL'?
    You also made me look up a word again.
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    • Posted by straightlinelogic 7 years, 2 months ago
      Thanks
      SLL=Straight Line Logic
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      • Posted by chad 7 years, 2 months ago
        It was too obvious and I was too close to see it. Thanks for the reply. Predicting when is almost always wrong but examining the evidence of what we are facing it is inevitable. I predicted the 2008 crash in 2007, I didn't know when it would take place but watching the fed raising interest rates every month in 2007 I knew that the building boom would collapse because of the rising payments that people would not be able to afford. The company I worked for loved reports and projections, I told them the housing market in Vegas would drop 20%. The president of the company said he wanted a more optimistic report! When the housing in Vegas dropped 80% in 2008-09 I sent him an email stating that apparently my projection was optimistic he was not amused. :)
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  • Posted by starznbarz 7 years, 2 months ago
    The folks in and around major cities have a problem. I expect some of the takers will eventually try their luck off the beaten path, our gate swings in so the bodies of the flotsam that may invite themselves to dinner won`t have to be moved when we have to go out and re up supplies.
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