a thoughtful web.
Good ideas and conversation. No ads, no tracking.   Login or Take a Tour!
comment by sojourner
sojourner  ·  2395 days ago  ·  link  ·    ·  parent  ·  post: Banks Raise Red Flags on US Economy

Yes, them and a bunch of others have been pounding the drums for a bit. I think some are talking about the sky falling down because they're selling gold and silver. I think some can see the system is unwieldy, but are don't have the skills to see exactly when it will topple. (For example, some years back Gerald Celente, a respected forecaster, noted that he was wrong about when because how was he to know about the schemes, band-aids, duct tape and QE that they would come up with to hold things together.)

Then I started hearing similar rumblings of a catastrophe from more mainstream folks.

I think it's like Martin Armstrong says. I think a lot of people are only looking domestically, ignoring the greater world economy when they make their predictions.