View Single Post
Old 06-09-2014, 10:42 PM
  #7  
bedrock
Gets Weekends Off
 
bedrock's Avatar
 
Joined APC: Nov 2012
Position: ERJ, CA
Posts: 718
Default

I hate to say this, but don't pin your hopes on these forecasts. We will have another stock crash before that time OR we will sink into another great depression OR well will have a big war, OR all of the above. All the countries of the world are now embracing money printing. Europe, Japan; even China is getting into the housing stimulus act.

The original problems of massive debt, based on murky derivatives have not gone away. Inflating a bubble at home, when too many middle class jobs are gone, isn't working. If people don't have decent jobs, they aren't going to buy houses. They are letting anyone buy a car now, just to keep some big ticket items going. Most of the homes have been bought up by huge investment houses which turn them into rentals. The stock market has gone up 190% since 2009, does anyone really believe that can continue??

More money printing will stoke inflation of commodities again and oil will go thru the roof. Stopping money printing will send the economy into a tailspin. This lukewarm economy won't last.
bedrock is offline