URGENT WARNING: 6 Signs the Great Crash Is Upon Us!
The Greek default proves that all this endless quantitative easing idiocy couldn’t live up to the promises. It has proved unable to create sustainable long-term recoveries in highly indebted developed countries with poor demographic trends.
The Greek parliament caved into totally repulsive demands, as I said on Monday that it would. They did it out of stark fear of the chaos a Grexit would bring before free market forces resolved their trade and budget imbalances.
I don’t believe they did the right thing. From the looks of the discontent on the ground, many Greeks don’t either. Be that as it may, this can has been kicked just a little further down the road, yet again.
But the whole mess made investors nervous. As did the recent collapse of China’s stock market which just added to the growing concerns.
Investors are right to worry. I’ve been saying for years that the greatest trigger would be the bursting of the massive, unprecedented China bubble.
How can it not?!
Its stock market soared 159% in less than a year. It gained 30% in justtwo months!
Then its stocks took a nose dive, losing 35% in less than 30 days.
Understand that if China’s stock market had lost just 20%, it would have meant nothing. But, as I’ve always said, a drop of 30% to 40% in short order is a clear sign of a first wave down in a major bust. That’s why I’m always telling you to rather be safe than sorry. If you don’t follow a reliable, proven investment strategy – like any of our premium research services, from Boom & Bust, Cycle 9 Alert, Max Profit Alert, BioTech Intel Trader, Triple Play Strategy and Dent Digest Trader – waiting passively for that extra 1% or even 5% is like playing Russian Roulette.
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