David Tice sees multi-year depression coming

Quote from Mvic:

You have the wrong culprit Limitdown, supply side works just fine, what doesn't is a bunch of wall street smart arses run amock being too clever by half with their exotic instruments to securitize the universe and sell it to a bunch of gullible greedy and quite possible corrupt people who had every incentive to maximize their returns and fees and none to protect the capital of those who had entrusted it to them.
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when the budgets were sacked,

instructions were given to go easy on...

the mechanisms of consumer protection, SEC enforcement, HUD and Mortgage document disclosure and practices and enforcement were terminated,

other fast and loose politics and dealings were done to weaken the very systems of regulation that worked to prevent what has been loosed during the last 8 years...

no, there's more here than just your cast of characters to blame....

sure you're right....

and you knew it too....

no,

that's what these conservatives have done...
 
Quote from limitdown:

I see depression, on the faces of those mothers with kids in tow, after the husband working 18 hours / 6 days / 3 jobs, at the grocery stores, having to steal what they can no longer aford to buy....

Take a look at the malls of the senior citizens no longer getting their food subsidies from meals on wheel programs because the food banks are bare.....

Take a look at ...... (well, you choose)....

Conservative Supply-side economics at work...

wow....deficit after deficit across the country.....
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Too many local government LIBERALS.. standing in the way of true progress.. nothing to do w/supply side economics!

Those losers would kill their own mothers to stop supply side economics +free market economics from working.
 
Well every dog has his day.. or so the saying goes. It must be a tough life as a doom-sayer. I recall an acquaintance for the 1980's? who put all his assets in gold when it was $800+ per ounce because he saw a great depression coming. Well, the bottom dropped out of the gold market but if he stuck with his investment, he'd be about even now... well, unless you want to factor in inflation, but let's not, just to be kind.

Anyway, if this guy is right, I still feel sorry for him. I mean I sure it will be a big boost to his ego if the economies of the world go bust but what about his "I told you so!" book deal? I mean, sure, he could write all about it but we'd all be too broke to afford a copy. Oh well.

Pete
 
No, but he is predicting that the President of the Doom and Gloom Club will die soon from depression so he can replace him.

Pete
 
Let's see.....permabear who has never made money in his career for his investors....is now barely up and claiming victory and a future windfall for his fund.

This may just be a contrarian indicator that we are near the bottom of the market.:p
 
Quote from dandxg:

Exactly. He reminds me of Schiff and Martin Weiss, the sky is always falling. Didn't they finally can Abey Joseph Cohen speaking of perma bulls?
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Naw, they drug her back out the other day on CNBC. This must be the top for now.
 
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