For those who don’t know us: our lack of posts to this FREE Blog over the last many months does NOT indicate that we are dead or too dumbfounded to post anything.
Oh No! Actually it is just the opposite. All of our many predictions and forecasts over the last five years are all coming true – right on schedule.
#1 The US economy is still contracting at roughly 4 to 6% per year, when one calculates the GDP accurately, with rate of inflation that we all have to deal with in the real world that is actually around 7 to 9.5%, before exploding in 2015 and into 2016.
#2 All of our earlier prognostications are coming true right on schedule, e.g. we predicted 17,000 on the DOW in the Fall of 2014 two years ago: and the DOW is still on the way to 25,000 in the latter half of 2016, slightly leading the incipient Bond Bubble IMPLOSION that will precipitate the second wave of the Super Tsunami Kondratieff Long-Wave that will NOT be seen in advance by any of the economic pundits, Federal Reserve Officials, politicos, pumpkin & potato heads, charlatans, sycophants and assorted other fools that led this nation into the Real Estate HELL of 2007 through 2011.
#3 The second wave of the Super Tsunami Kondratieff Long-Wave will then crash over all our heads - all over the earth - with much greater economic upheavals than were seen in the Credit-Crisis of 2007/08.
#4 We are still waiting for one more downturn in Gold to $950 an oz sometime this summer. But this final manipulated crash may not come: and we are certain that this is the next to last year of gold under $2,000 per oz.; before it skyrockets to well over $5,000 per oz. as the second wave of the Super Tsunami Kondrateiff Long-Wave breaks over all the economies of this earth
BUT, guess what?
Just like last time in 2004 through 2008, there are other rather erudite and perceptive entities out there that are also getting ready for the inevitable.
The BIS (Bank For International Settlements) is issuing somber warnings almost of the same tenure and tone as those that they issued in the halcyon days of 2004-2006.
People
did not listen then.
Will they listen now?
And are you and your company getting ready??
IF not, why NOT???!!!???
http://www.bis.org/publ/arpdf/ar2014e.htm
84th BIS Annual Report, 2013/2014
A new policy compass is needed to help the global economy
step out of the shadow of the Great Financial Crisis. This will involve
adjustments to the current policy mix and to policy frameworks with the aim of
restoring sustainable and balanced economic growth.
The global economy has shown encouraging signs over the past
year but it has not shaken off its post-crisis malaise (Chapter III). Despite
an aggressive and broad-based search for yield, with volatility and credit
spreads sinking towards historical lows (Chapter II), and unusually
accommodative monetary conditions (Chapter V), investment remains weak. Debt,
both private and public, continues to rise while productivity growth has
extended further its long-term downward trend (Chapters III and IV). There is
even talk of secular stagnation. Some banks have rebuilt capital and adjusted
their business models, while others have more work to do (Chapter VI).
To return to sustainable and balanced
growth, policies need to go beyond their traditional focus on the business
cycle and take a longer-term perspective - one in which the financial cycle
takes centre stage (Chapter I). They need to address head-on the structural
deficiencies and resource misallocations masked by strong financial booms and
revealed only in the subsequent busts. The only source of lasting
prosperity is a stronger supply side. It is essential to move away from debt as
the main engine of growth. Overview of the economic chapters
84th Annual Report by chapter
The global economy has shown encouraging signs over the past
year. But its malaise persists, as the legacy of the Great Financial Crisis and
the forces that led up to it remain unresolved. More...
Financial markets have been acutely sensitive to monetary
policy, both actual and anticipated. Throughout the year, accommodative
monetary conditions kept volatility low and fostered a search for yield. More...
World economic growth has picked up, with advanced economies
providing most of the uplift, while global inflation has remained subdued.
Despite the current upswing, growth in advanced economies remains below
pre-crisis averages. More...
Financial cycles encapsulate the self-reinforcing
interactions between perceptions of value and risk, risk-taking and financing
constraints, which translate into financial booms and busts. Financial cycles
tend to last longer than traditional business cycles. More...
Monetary policy has remained very accommodative while facing
a number of tough challenges. First, in the major advanced economies, central
banks struggled with an unusually sluggish recovery and signs of diminished
monetary policy effectiveness. More...
The financial sector has gained some strength since the
crisis. Banks have rebuilt capital (mainly through retained earnings) and many
have shifted their business models towards traditional banking. More...
