J.P. Morgan’s top quant, Marko Kolanovic, predicts a “Great Liquidity Crisis” will hit financial markets, marked by flash crashes in stock prices and social unrest.
The retail crisis continues, more stores are declaring bankruptcy and closing down thousands of stores. Existing home sales and new home sales reverse course and decline rapidly.
“There is going to be a turn in the bond market or a plateau, and that’s going to be uncomfortable for those guys, and we are going to see some messy times.” -Catherine A. Fitts
Bill said the Central Banks are directed to begin shrinking national money supplies…
Meanwhile economic researchers issue dire warnings: Experts Are Warning That The 76 Trillion Dollar Global Bond Bubble Is About To Explode
Remember – It is not an Accident, It is Policy.
The IMF’s member countries agreed in 2010 to give more voting power to countries like China and India, double the Fund’s resources, and reduce the dominance of Western Europe on its 24-member board.
What will the economy look like to the man on the street when the economy finally takes a fall? Celente predicts, “It’s going to be inflation, but it’s going to be currency devaluation rather than commodity inflation, for example: oil. We see oil prices coming down. As the currency becomes devalued, it will cost you more to buy that commodity because they just continue to print more money and put it into the global system. It’s not only the United States, look what’s going on in China. There are estimates that there are 70 million luxury apartments they can’t sell in China. You read the data, and you see the government is boosting the economy.”
The pressures are building and eventually it’s all going to blow apart. Until that day arrives we’re going to see increasing instability and ever more manipulation.
Obama’s Vice-Pres. Disgraced Merkel By Revealing Truth…
None existent economic recovery:
Velocity of Money at historic lows
Labor force participation rate at historic lows
Durable Goods Orders plunged to record low