A Biased 2017 Forecast

[hashtag46]

A Biased 2017 Forecast, Parts 1&2 . by Tyler Durden, zerohedge.com
http://www.zerohedge.com/news/2017-01-01/biased-2017-forecast-part-1
http://www.zerohedge.com/news/2017-01-02/biased-2017-forecast-part-2


So I've been reading these thought provoking (at least for me) articles.
As flawed as it might be (since I have limited knowledge in economics and politics) I hoped that my summary would stir enough curiosity that a couple of posters might actually feel motivated to skim through the article. Plus I'm not keen to be banned again for copyright violations.

 

[hashtag46]

1.The author starts by claiming that we are in the midst of of the mother of all (financial) bubbles, of a once in a lifetime crisis. Yet paradoxically enough, few people are paying attention and are focusing on it's ripple side effects instead.

"Today, global debt most certainly exceeds $225 trillion and has surpassed 300% of global GDP. Rogoff and Reinhart made a pretty strong case that when debt to GDP exceeds 90%, disaster will follow.
Global debt issuance reached a record $6.6 trillion in 2016, with corporations accounting for $3.6 trillion – most of which was used to buy back their stock at all-time highs."

"It is fascinating to me no one seems all that worried about the systematically dangerous levels of global debt supporting essentially bankrupt governments, banks and consumers. We are in the midst of the mother of all bubbles, never witnessed in the history of mankind, and we pretend everything is normal, with no consequences for our reckless disregard for honesty, rational thinking, or simple math."
The failure of our brains to think rationally (is) due to our biases and the relentless propaganda flogged by our Deep State ruling class.



2.He then outlines in great detail his predictions for 2017 (with specific references to US intetnal affairs and Obama, Trump, Putin and so on). He groups them under three headings:
Debt Forecast, Civic Decay Forecast and Global Disorder Forecast

Debt Forecast
- Prefacing comments begore he goes on to outline his predictions one by one, in bullet-point format:
see above

Civic Decay Forecast
- Prefacing comments:
"The presidential election and its aftermath tell you everything you need to know about the level of civic decay overtaking this country. The country is as divided as it was after the election of Abraham Lincoln in 1860. There is virtually no common ground between liberals and conservatives. The pure hatred and contempt between the winners and losers in the recent election does not bode well for the country over the next four to eight years."

Global Disorder Forecast
- Prefacing comments:
"The level of global disorder hasn’t been this high since the 1930s. There are dozens of potential flash points capable of producing a cascading crisis which could blow up the world.
The highly touted establishment mantra of globalization has produced an interconnected web of trillions in global debt, with one quadrillion dollars of indecipherable derivatives layered on top, all dependent upon the sustenance of insolvent mega-banks and bankrupt nation states. The only thing keeping this global Ponzi scheme alive is the unfounded belief in the brilliance of central bankers and corrupt politicians."

 

[Lancecastor]

I am selling my city house within the next 24 months before trumpflation gets too crazy and urban housing deflates.

 

[trysail]

The stock market is not inexpensive. It's not at 1999 levels but it's far from cheap.


​

 

[Adjudicator]

The first rule of Fight Club...

 

[Hard_Rom]

When we came to Canada, parents bought house for 21K in 72. 10 year later when mum passed away dad sold it for 85K. Bought my house for 175k sold it 10 years later for 213K. Would have been nice to get 4X value. Old house grew up in is now worth 275K.