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Another threat of a 80% market crash

 
 
Reply Thu 9 Mar, 2017 11:23 pm
http://banyanhill.com/exclusives/80-stock-market-crash-to-strike-in-2017/
We've heard this threat before, and they seem to keep popping up.
Some people will react with fear and sell off their stocks. Some will buy gold. All I can say is "good luck."
The US economy is the strongest in the world. Our population represents less than 5% of the world population, but our GDP is the highest and strongest. The reason the US stock market gets pushed up is simple supply and demand. Most people of money around the world know that the American economy is the strongest and most stable. China and Japan buy US bonds for good reason. It's stable, because our economy is based on many forms of products and services. It's not limited to a few like many countries.
Economics is not science. Nobody can predict how the economy will perform in the future. Anyone saying they can is a kook. They can't explain the when and whys. If they could, they would be so rich, they wouldn't need to be working or bothering with the stock market.
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Type: Discussion • Score: 1 • Views: 857 • Replies: 3
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Fil Albuquerque
 
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Reply Fri 10 Mar, 2017 04:55 am
@cicerone imposter,
Well CI you just attempted to do what you dimmed impossible. To predict a stable path to America's Economy based on a few variables.
New age Economy is made out of group belief n trust in the Economy at the Facebook speed of posting...

cicerone imposter
 
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Reply Fri 10 Mar, 2017 09:47 am
@Fil Albuquerque,
What I'm trying to say is that the US economy is the strongest, but the world economy is tied to ours in many ways. As happened recently on the increased value of the US dollar, it makes it more difficult to sell American products and services to other countries, but makes it cheaper for Americans to buy imports. Remember when the Thai bhat roiled the world's financial markets?
Also the financial crisis in 2008-2009? Nothing is predictable in economics. That's the reason economics is an art and not science.
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Blickers
 
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Reply Fri 10 Mar, 2017 10:38 am
It's basically an advertisement for a doom and gloom video. And the subtitle at the top-""Don't give up your gold"-gives a good indication of what the video is likely to be about.
Gold is down 30% since it climbed up to $1,800 an ounce in 2011 and it became a status symbol among some to have gold. There were even YouTube videos of people showing off their gold bars in fancy settings looking to make their audience go oooh and ahhh. Gold only moves up when it looks like the economy is going to crash, hence the all the predictions of economic doom by people with gold to sell.
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