As I have noted before:
Every once in a great while the MSM gets it
right and reports the truth. The
following is a prime example. I need
add NOTHING to this very fine and accurate piece of journalism.
Are you and your company ready for the Financial
Debacle of the century that will follow the “Great Deception of 2012” when all
the ‘Sheeple’ will have finally been persuaded to put their last bits of money
into the world’s stock markets and then be entirely fleeced - once again - with
the Greatest Stock Market Crash ever in the Winter of 2014 from the roughly 16,500 level on the DOW?
Incidentally, I am just about to reset our projected insane target level on the DOW to 18,000. I think that will be MADE necessary by the fact that the "Powers That BE" (PTB) are having a VERY difficult time moving the 'Sheeple' back into Stocks. And the 'Sheeple' must be 'All In' (just like Real Estate in 2006) the insanely overpriced PAPER of the stock markets before the PTB can 'PULL the Curtain" on this 'Monkey Show,' just as they did three times in the late 60's and 72 and 1987 and 2001!
Doubt us?
Well, just watch the rhetoric rise to fever pitch by the 'talking heads' and 'professional pitchmen' of the Devil on the country's FV's (Funny Visions) over this coming year and you WILL see our prediction come entirely true!
ON that I will take bets from anybody at very nearly any odds!
Finally, the "Age of Austerity" just briefly mentioned in this article is upon our doorstep, as I did cover in some detail on our website Home pages and New Normal pages and Econometrics pages at www.polestarcomm.com and in MUCH greater details in our Market Review of 2011 and our Quarterly Reviews since then and in a cursory fashion in these Blogs.
IMO - you and your company should be preparing NOW for these things, otherwise, your company is sure to join the long list of those companies (some are listed at the bottom of our home page) that were destroyed in the FIRST wave of the Super-Tsunami "Kondratieff" Long-Wave that did strike this country and the entire world in 2007 and 2008.
And remember, the SECOND wave of the Super-Tsunami "Kondratieff" Long-Wave will be three times as horrific and financially catastrophic as the first wave, which increased intensity is merely a factor of wave harmonics, but will be credited to the $700,000,000,000,000 Derivatives Issue by the 'talking heads' and 'professional pundits' of the Devil in late 2014 and 2015.
Incidentally, I am just about to reset our projected insane target level on the DOW to 18,000. I think that will be MADE necessary by the fact that the "Powers That BE" (PTB) are having a VERY difficult time moving the 'Sheeple' back into Stocks. And the 'Sheeple' must be 'All In' (just like Real Estate in 2006) the insanely overpriced PAPER of the stock markets before the PTB can 'PULL the Curtain" on this 'Monkey Show,' just as they did three times in the late 60's and 72 and 1987 and 2001!
Doubt us?
Well, just watch the rhetoric rise to fever pitch by the 'talking heads' and 'professional pitchmen' of the Devil on the country's FV's (Funny Visions) over this coming year and you WILL see our prediction come entirely true!
ON that I will take bets from anybody at very nearly any odds!
Finally, the "Age of Austerity" just briefly mentioned in this article is upon our doorstep, as I did cover in some detail on our website Home pages and New Normal pages and Econometrics pages at www.polestarcomm.com and in MUCH greater details in our Market Review of 2011 and our Quarterly Reviews since then and in a cursory fashion in these Blogs.
IMO - you and your company should be preparing NOW for these things, otherwise, your company is sure to join the long list of those companies (some are listed at the bottom of our home page) that were destroyed in the FIRST wave of the Super-Tsunami "Kondratieff" Long-Wave that did strike this country and the entire world in 2007 and 2008.
And remember, the SECOND wave of the Super-Tsunami "Kondratieff" Long-Wave will be three times as horrific and financially catastrophic as the first wave, which increased intensity is merely a factor of wave harmonics, but will be credited to the $700,000,000,000,000 Derivatives Issue by the 'talking heads' and 'professional pundits' of the Devil in late 2014 and 2015.
Yale’s Shiller: World in a 'Late Great Depression'
www.moneynews.com; Monday, 30 Apr 2012
07:50 AM; By Forrest Jones
“
The global economy is mired in a "late Great Depression" despite
central bank stimulus policies, says Yale economist and author Robert Shiller.
"Our whole economy has been affected by variations in confidence. Central banks are sort of trusted, but the actions they have often affect people’s confidence by appearance rather than substance. We’re not in the most trusting mood now,” Shiller tells CNBC.
The Federal Reserve, the European Central Bank, the Bank of Japan and the Bank of England have propped up their respective economies via liquidity injections known as quantitative easing, tools designed to spur recovery but dubbed by critics as printing money out of thin air.
He says the world is in a “new age of austerity.”
"Our whole economy has been affected by variations in confidence. Central banks are sort of trusted, but the actions they have often affect people’s confidence by appearance rather than substance. We’re not in the most trusting mood now,” Shiller tells CNBC.
The Federal Reserve, the European Central Bank, the Bank of Japan and the Bank of England have propped up their respective economies via liquidity injections known as quantitative easing, tools designed to spur recovery but dubbed by critics as printing money out of thin air.
He says the world is in a “new age of austerity.”
Critics say such monetary tools don't improve fundamental
economic problems of too much debt and too little growth, although Shiller
points out that the jury is still out whether fiscal measures taken to tackle
those problems such as budget cuts and tax hikes in Europe especially are
having a desired effect.
"Quantitative easing is not as prominent a policy as austerity ... the effect of austerity is not crystal clear because it depends how people react to it," says Shiller, who accurately called the tech bust of the early 2000s and the housing bust later that decade.
"It might help, but I don’t know if it's going to overwhelm the general mood of austerity, which is affecting the housing market."
…. "Fifty years ago, there wasn’t this talk of housing as an investment. It was a zeitgeist of the early 2000s, and it has gradually gone."
The housing sector appears to be bouncing along a bottom….
… Housing prices will drop by a further 20 percent as the downturn gripping the United States deepens, leading economist Gary Shilling says.
Writing in the Christian Science Monitor, Shilling said more and more people are looking to rent as homeownership becomes increasingly rare.
“Housing activity remains depressed, with the only life coming from the multifamily component, which is being driven by the zeal for rental apartments as homeownership falls,” he wrote.
“Homeowners are losing their abodes to foreclosures; many can’t meet stringent mortgage lending standards; some worry about homeownership responsibilities in the face of job uncertainty; and many people have no desire to buy an asset that continues to fall in price.
“I am looking for a further 20 percent slide in housing prices.”
"Quantitative easing is not as prominent a policy as austerity ... the effect of austerity is not crystal clear because it depends how people react to it," says Shiller, who accurately called the tech bust of the early 2000s and the housing bust later that decade.
"It might help, but I don’t know if it's going to overwhelm the general mood of austerity, which is affecting the housing market."
…. "Fifty years ago, there wasn’t this talk of housing as an investment. It was a zeitgeist of the early 2000s, and it has gradually gone."
The housing sector appears to be bouncing along a bottom….
… Housing prices will drop by a further 20 percent as the downturn gripping the United States deepens, leading economist Gary Shilling says.
Writing in the Christian Science Monitor, Shilling said more and more people are looking to rent as homeownership becomes increasingly rare.
“Housing activity remains depressed, with the only life coming from the multifamily component, which is being driven by the zeal for rental apartments as homeownership falls,” he wrote.
“Homeowners are losing their abodes to foreclosures; many can’t meet stringent mortgage lending standards; some worry about homeownership responsibilities in the face of job uncertainty; and many people have no desire to buy an asset that continues to fall in price.
“I am looking for a further 20 percent slide in housing prices.”
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