Two sure signs of an impending crash

caronoel

pop_gun wrote: »

Jim Rickards of Captail Asset Management said in several recent interviews that a global crisis was imminent. He said in 1998, Wall St bailed out a hedge fund. In 2008 the central bank bailed out Wall St. In 2018 the IMF will have to bail out the central banks using SDRs.
He said bank depositors over the government's guaranteed amount will lose their deposits in an attempt to bail out the banks.

Is the the same expert who has been recommending folks to sell everything and gamble on gold prices?

Sounds very much like the wisdom of brit1234 or CarolT alright

Thrugelmir

padington wrote: »

He's surrounded himself with the old guard. It's the same establishment in power, nothing much will change.

For those thinking this will herald a new era of high interest rates, It ain't happening, he's a property tycoon, that fat turkey won't vote for Christmas.

Let's wait and see how matters unfold. Being complacent is pure folly though.

Thrugelmir

steampowered wrote: »

I don't agree that anything has been shaken to the core. Stock markets seem to be doing just fine.

So bond markets didn't react?

mystic_trev

caronoel wrote: »

Is the the same expert who has been recommending folks to sell everything and gamble on gold prices?

Sounds very much like the wisdom of brit1234 or CarolT alright

I think most asset classes are well overvalued.There's got to be something wrong when there's no point in holding cash. One of the reasons I bought a bigger house this Year. I suppose if you can't beat them, join them!

pop_gun

caronoel wrote: »

Is the the same expert who has been recommending folks to sell everything and gamble on gold prices?

Sounds very much like the wisdom of brit1234 or CarolT alright

He said a diversified portfolio of 10% precious metals and 20% art, fine wines etc.

He predicted Trump winning the U.S. election (youtube time stamped) and brexit.
How many economist do you know, have been invited to the pentagon to participate in their war games?

I suggest you listen to what he has to say before disparaging him.

padington

Thrugelmir wrote: »

Let's wait and see how matters unfold. Being complacent is pure folly though.

Predicting a house price crash constantly over the last seven years was pure folly thrug.

It's more of the same from you.

padington

pop_gun wrote: »

He said a diversified portfolio of 10% precious metals and 20% art, fine wines etc.

He predicted Trump winning the U.S. election (youtube time stamped) and brexit.
How many economist do you know, have been invited to the pentagon to participate in their war games?

I suggest you listen to what he has to say before disparaging him.

Does he happen to own gold mines and vineyards by any chance ?

System

pop_gun wrote: »

Jim Rickards of Captail Asset Management said in several recent interviews that a global crisis was imminent. He said in 1998, Wall St bailed out a hedge fund. In 2008 the central bank bailed out Wall St. In 2018 the IMF will have to bail out the central banks using SDRs.
He said bank depositors over the government's guaranteed amount will lose their deposits in an attempt to bail out the banks.

We're all sick of experts in this country though. What does Bert & Ernie say? I'll trust them.

movilogo

Before any crash market usually becomes stagnant. The EAs are having very few properties in their hands compared to last few years.

westernpromise

movilogo wrote: »

Before any crash market usually becomes stagnant.

Really?

The 1929 stock market crash? The 1987 stock market crash? The 1989 house price crash? The 2001 dotcom bubble? The oil price crash of 2008?

I struggle to think of any crash that was preceded by stagnation. All those I can think of were roaring up until they weren't.