{"id":11468,"date":"2015-08-26T08:06:50","date_gmt":"2015-08-26T13:06:50","guid":{"rendered":"http:\/\/olduvai.ca\/?p=11468"},"modified":"2015-08-26T08:06:50","modified_gmt":"2015-08-26T13:06:50","slug":"bubbles-dont-correct-they-burst","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=11468","title":{"rendered":"Bubbles Don\u2019t Correct, They BURST!"},"content":{"rendered":"

Bubbles Don\u2019t Correct, They BURST!<\/a><\/h3>\n

I\u2019m practically drowning in interviews. I had half a dozen yesterday and even more today. But it\u2019s time to put the word out that the second greatest bull march in history is finally coming to an end. It\u2019s done.<\/p>\n

Wall Street thinks this is a correction \u2013 a 10% drop, maybe 20% at worst, followed by more gains. They think we\u2019re just six years into a 10 if not 20 year bull market. This is just a healthy breather.<\/p>\n

Of\u00a0course<\/em>\u00a0they think that! It\u2019s the same \u201cbubble-head\u201d logic you find at the top of any extreme market in history!<\/p>\n

Every single time \u2013 without exception \u2013 we delude ourselves into believing there is no bubble. We think: \u201cLife\u2019s good, why should we argue with it?\u201d<\/p>\n

And every time, we\u2019re shocked when it\u2019s over. Only in retrospect do we realize, yes, that was clearly a bubble, and oh, how stupid we were for not seeing it.<\/p>\n

Bubbles don\u2019t correct. They\u00a0burst<\/em>. They always do. And if anyone is still doubting whether this is a bubble, they need to get with the program \u2013 now!<\/p>\n

Like I said on\u00a0Fox yesterday<\/a>, I wasn\u2019t always a bear. I was one of the most bullish forecasters since the late \u201880s because I discovered how you can predict the spending of consumers through demographics.<\/p>\n

With one simple indicator I predicted the Japan crash in the \u201890s when everyone was saying they\u2019d overcome the U.S.<\/p>\n

I predicted the greatest\u00a0boom<\/em>\u00a0in U.S. history thanks to the spending of the Baby Boomer generation. All from demographic research, driven by my top cycle, the Spending Wave.<\/p>\n

And from that, we knew the Boomers would peak in 2007 followed by a slowing economy.<\/p>\n

 <\/p>\n

…click on the above link to read the rest of the article…<\/p>\n","protected":false},"excerpt":{"rendered":"

Bubbles Don\u2019t Correct, They BURST! I\u2019m practically drowning in interviews. I had half a dozen yesterday and even more today. But it\u2019s time to put the word out that the second greatest bull march in history is finally coming to an end. It\u2019s done. Wall Street thinks this is a correction \u2013 a 10% drop, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[4794,8435,4793,8436,5979,4726,2500,7195,500,4148,501],"class_list":["post-11468","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bear","tag-boom","tag-bull","tag-bust","tag-contracorner","tag-harry-dent","tag-history","tag-market-bubble","tag-market-collapse","tag-market-correction","tag-market-crash"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/11468","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11468"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/11468\/revisions"}],"predecessor-version":[{"id":11469,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/11468\/revisions\/11469"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}