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My only prediction.
I know the the US stock market will hit 14,000+ mark by the end of the year the market has no reason to be this high, so it will start to slowly fall by early 2008.
In 2008 we will see a massive worldwide economic scandle the started in the USA and will make the dollar crash, in turn the rest of the worlds financial systems will fail. There will be confusion for a few months but out of the ashes will come a new system that is not based on money. I am not sure what this will be but it will happen. I whole new paradigm will come by 2012 it will be in full effect, a golden age and a new way of life.
Originally posted by infinite
reply to post by RetinoidReceptor
People were taking out loans from the banks and investing in the stock market during the 1920s, which isn't happening on the massive scales (or even at all) now.
Originally posted by infinite
Yeah, if the finanical system collapsed it would be extremely serious but I think the world (especially the West) would recover in time.
Originally posted by aaaauroraaaaa
Are u serious? The savings rate in the usa is the lowest since before 1980.
Anyone have any #'s on that?
Originally posted by RetinoidReceptor
Originally posted by aaaauroraaaaa
Are u serious? The savings rate in the usa is the lowest since before 1980.
Anyone have any #'s on that?
I think what infinite means is that Americans have much less exposure to the stock market than what they did in the 1920's.
Originally posted by AJ Lavender
reply to post by jimmyx
Jimmyx, as a trader, what do you think about putting my money into gold and other precious metals? Traditionally, as the dollar devalues, the price of gold soars. Would appreciate your thoughts.
Check out my blog: Esoterica in America
Originally posted by aaaauroraaaaa
what I am saying is that is there was extensive job loss, people would have little to no savings to hold them over for a year or two.
Originally posted by Xtrozero
I would think unemployment would be the key indicator.
Originally posted by infinite
reply to post by aaaauroraaaaa
That's related to the economy,
if the stock market plunges you are not necessarily going to lose your job