“The Fed’s monetary expansion ended in 1929. The 1950s equity rise ended with a bust in the early 1960s. The Nifty Fifty fad ended with the Crash of 1969. The market recovery of the 1970s ended in 1982. The next crash was in 1987. In 1994, an expansion gave way to a recession. A great tech expansion turned sour in 2001. A housing bubble deflated violently in 2008, not just in the US but around the world. And that is where we are now. This expansion has been driven relentlessly upward for some five-plus years. Another year or two and this latest ‘Wall Street Party’ will be finished. We anticipate a downturn that will be as violent or even more so than 2008.”
Related posts:
All Tyranny is Local
Judge Napolitano: Can America bomb and kill for bragging rights?
Greek Dilemma: A Product of the Dialectic
Bill Bonner: A Secret Only a Tiny Number of Investors Understand
Wanted: A Boring Leader for the Fed
Bill Bonner: Here’s Proof That Wealthy Elites Control Washington
No More Solyndras? Not Quite
Europe's Unraveling Is Not Political but Technological
Ron Paul: Janet Yellen is Right, She Can’t Predict the Future
Ron Paul: Liberty Was Also Attacked in Boston
TSA: Ask the Fed for Relief...From the Fed?
A Modest Step in the Direction of Gun Control
How Is Bernanke Going to Land His Helicopter?
The “Moral Obscenity” of Washington’s Empire
Bill Bonner: Gun-Toting Health Enforcers