If we’re right about the depression/deleveraging…
And if we’re right about the bear market…
You’re probably going to see stocks lose another half of their value. Remember, a correction is equal and opposite to the deception that preceded it. That deception is almost a hundred years old…and has added trillions of (largely fictitious) dollars to the nation’s wealth. An Everest of mistakes has been made. Can all this deception be corrected in 2 years…with the feds fighting every inch of the way? Can problems caused by too much credit be cured by more credit? Can a generation’s worth of mistakes be hidden under the carpet of bailouts? Can the boondoggles be washed away by more boondoggles?
A warning from Bill Bonner...
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