Bursting bubbles
- Thread starter Merlin99
- Start date
dontknowwhy
New Member
re election of an imposter to the highest office of the United States?
SoMD_Fun_Guy
Do you like apples?
succession?
ProfMoneyWise
Member
Student Loans
MMM_donuts
New Member
I agree, I'm thinking the education bubble is in progress.
MMDad
Lem Putt
Are they bubbles? Oil is at 80% of it's 4 year high. Is it a bubble, or is this the new normal?
I don't see anything to pop the oil bubble. Demand will continue to grow and OPEC will limit supply. There's no reason to believe that our national energy policy will change anything.
Gold is only high because people see it as safe. The only way that changes is if Europe and the U.S. economies improve, which isn't looking too good right now.
The next economic calamity might be oil - but not bursting the bubble. It will be Iran or some other middle east crisis.
Or the next calamity will be European debt.
ProfMoneyWise
Member
kwillia
n/a
With gold trading near $1,650 an ounce, a jump to $10,000 in the next year would hand windfall profits of 500%+ for those who are positioned correctly.
However, one economist, Robert Wiedemer, not only predicts a massive rally in gold’s price, but also foresees a historic sell-off that will send gold down to $50 an ounce.
And credibility in the financial landscape is one thing Wiedemer is known for.
In 2006, Wiedemer penned America’s Bubble Economy. In it, he predicted a collapse of the housing market, the popping of the private-debt bubble, a stock market breakdown, and a drastic slowdown in consumer spending, along with a 50 percent rally in gold prices.
At the time, many laughed at his predictions and dismissed his work.
But as each forecast came to fruition, experts called upon him for his advice. The S&P admitted “[His] track record demands our attention.” The Dow Jones’ MarketWatch added that his work is “your bible, read it, get into action, and be a winner.”
However, Wiedemer cautions investors, saying that gold will be “the ultimate bubble,” asserting that while we are underestimating how high gold will climb, we are drastically underestimating just how far it will fall.
Read more: How High Will Gold Prices Get? Expert Predicts $10,000 an Ounce
However, one economist, Robert Wiedemer, not only predicts a massive rally in gold’s price, but also foresees a historic sell-off that will send gold down to $50 an ounce.
And credibility in the financial landscape is one thing Wiedemer is known for.
In 2006, Wiedemer penned America’s Bubble Economy. In it, he predicted a collapse of the housing market, the popping of the private-debt bubble, a stock market breakdown, and a drastic slowdown in consumer spending, along with a 50 percent rally in gold prices.
At the time, many laughed at his predictions and dismissed his work.
But as each forecast came to fruition, experts called upon him for his advice. The S&P admitted “[His] track record demands our attention.” The Dow Jones’ MarketWatch added that his work is “your bible, read it, get into action, and be a winner.”
However, Wiedemer cautions investors, saying that gold will be “the ultimate bubble,” asserting that while we are underestimating how high gold will climb, we are drastically underestimating just how far it will fall.
Read more: How High Will Gold Prices Get? Expert Predicts $10,000 an Ounce
Namikazenaru
New Member
China's bubbles
There are a few people looking at the possibility of bubbles bursting in China (especially in housing), while it won't be as bad over here we will still see some windfall from that.
There are a few people looking at the possibility of bubbles bursting in China (especially in housing), while it won't be as bad over here we will still see some windfall from that.
philibusters
Active Member
How would that benefit us? Our economy needs consumer spending to go up to get a full recovery and to get consumer spending up we need cheap money in our economy and right now China's bank are the main entity willing to lend us money at reasonable interest rates. If China economy starts to collapse then the will stop lending us money. If they stop lending us money we'll have to borrow money from other banks, but they will charge us a higher interest rate. If our financial banks are not getting money at low interest rates, then won't be able to lend money at relatively low interest rates, which means borrowing money to buy a house, a car, or tap into your home's equity will become more expensive as interest rates increase.
The U.S. and China are kind of tied together at this point.