Bear market to last Another 15 Years to 2027

Treadstone2.0

Godfather of newsletter writers, Richard Russell, shocked King World News when he made this remarkable and extremely dire prediction to his subscribers: “The primary bear market -- the leveraging and inflation and lying and cheating and shenanigans lasted from 1945 to 2007, about 62 years. My guess is that it will require maybe one-third of that time or roughly 20 years to clean out the economic stupidity and nonsense of those 62 years. That could take this bear market out to the year 2027.”

-

It is as good a guess as any, what is clear is the bottom is a long way off. But who knows when or where the bottom of this bear market will be.

Conrad

Treadstone2.0 wrote: »

-

what is clear is the bottom is a long way off.

When it comes to predicting the future nothing is clear. The more certain the conviction, proportionally the more likely it is to be wrong.

I have no idea where the bottow was / is. Always keep in mind the Carter administrations dire predictions of 1977 / 80 that peak oil was about to be reached. In fact oil then fell to record lows for 2 decades. There are thousands of similar failed predictions. Economists in the early 70's said it was certain beyond a doubt that world famine was about to ensue and lead to civil war in America and Europe.

RenovationMan

Treadstone2.0 wrote: »

Godfather of newsletter writers, Richard Russell, shocked King World News when he made this remarkable and extremely dire prediction to his subscribers: “The primary bear market -- the leveraging and inflation and lying and cheating and shenanigans lasted from 1945 to 2007, about 62 years. My guess is that it will require maybe one-third of that time or roughly 20 years to clean out the economic stupidity and nonsense of those 62 years. That could take this bear market out to the year 2027.”

-

It is as good a guess as any, what is clear is the bottom is a long way off. But who knows when or where the bottom of this bear market will be.

Should we buy Gold or Silver or Both as a hedge against this dire news?

joe_blotts

RenovationMan wrote: »

Should we buy Gold or Silver or Both as a hedge against this dire news?

tee hee hee.. I was waiting for something like this. Surprised nobody has yet picked up on the fact the 'new guy' posted first on a hidden forum. Could he be somone else too? Looks like treadstone trod on a mine. Can't mention the G word round here mate, not even by inference.

martinbuckley

Fantastic News for one individual. R**ert P**ton - the BBC's Doom Merchant will have another 15 years of employment talking the economy down.

I just hope the Queen can hang on for another 10 years so at least we get another 4-day weekend without his sanctimonous voice screeching "we're doomed".

shortchanged_2

martinbuckley wrote: »

Fantastic News for one individual. R**ert P**ton - the BBC's Doom Merchant will have another 15 years of employment talking the economy down.

I just hope the Queen can hang on for another 10 years so at least we get another 4-day weekend without his sanctimonous voice screeching "we're doomed".

Has he been more accurate in his assessments though than the many so called official predictions?

StevieJ

joe_blotts wrote: »

tee hee hee.. I was waiting for something like this. Surprised nobody has yet picked up on the fact the 'new guy' posted first on a hidden forum. Could he be somone else too? Looks like treadstone trod on a mine. Can't mention the G word round here mate, not even by inference.

Of course you can, the Olympics kicks off today

purch

StevieJ wrote: »

Of course you can, the Olympics kicks off today

I have a bad feeling about the amount of Gold we will manage to accumulate over the next 3 weeks :eek:

chewmylegoff

purch wrote: »

I have a bad feeling about the amount of Gold we will manage to accumulate over the next 3 weeks :eek:

the point you are missing is that all the medals are actually made of silver, and the gold medals are only coated with a thin layer of gold.

the demand for silver for olympic medals is greater than the entire amount of silver which has ever been mined*, and as a result silver will appreciate in value to the extent that in 23 days time the average house will be worth 30oz of silver.

* = i have no evidence for this but i have just made it up to sell my newsletter, "made up nonsense about silver", which is available for $300 an issue.

purch

chewmylegoff wrote: »

which is available for $300 an issue.

I am sorry, but I will only believe made up nonsense if somebody else buys your newsletter, and then cut and pastes it onto an internet blog :eek:

purch

shortchanged wrote: »

Has he been more accurate in his assessments though than the many so called official predictions?

In a word.......NO