Quote:
Originally Posted by frose
gas will be 6.50 a gallon, milk 7.00 a gal, inflation @ 20%, tax rates at never before seen rate, housing will tank.. 6 months maybe 8, stock market crash and will take housing with it.. Remember 2008?? It will seem like a great time compared to what will happen now.
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I am very concerned about both the stock market and housing bubbles created by prolonged artificially low interest rates and other irresponsible actions taken by the Federal Reserve. I am also very concerned about both our country and it’s residents seemingly incurable addiction to unsustainable debt. Unfortunately, fiscal discipline seems to be a thing of the past and something the younger generations have never known. The unfortunate result of this will be high inflation, a substantially weaker dollar, and significant asset bubble corrections.
That being said, the predictions in the above quoted post are extremely pessimistic, especially in the stated time frame. Buckle up!