Goldman predicts 1500 SPX in 2011
- Thread starter atticus
- Start date
USD dollar being debased.
Germany 1933...huge debt it cannot pay....central bank creating money....high unemployment..military economy 20% of jobs.
HYPERINFLATION.
USD loses 90% of purchasing power as food prices skyrocket and rents etc...oil is so expensive people can longer affrod to drive to work as gas expense is 50% of net income...insane to spend 50% of net income on gas.
the consumer economy grinds halt..walmart shuts and closes many stores..empty malls....commercial property crashes as retailers abandon commerical buildings.
if the consumer is 70% of economy ...hyperinflation occurs than economy is doomed. gov't sales taxes revenue crash by 50% and further destroy tax base.
Germany 1933 is what is happening.....exactly 4 years after the crash-2012 doomsday for US economy the day of reckoning.
Germany 1933...huge debt it cannot pay....central bank creating money....high unemployment..military economy 20% of jobs.
HYPERINFLATION.
USD loses 90% of purchasing power as food prices skyrocket and rents etc...oil is so expensive people can longer affrod to drive to work as gas expense is 50% of net income...insane to spend 50% of net income on gas.
the consumer economy grinds halt..walmart shuts and closes many stores..empty malls....commercial property crashes as retailers abandon commerical buildings.
if the consumer is 70% of economy ...hyperinflation occurs than economy is doomed. gov't sales taxes revenue crash by 50% and further destroy tax base.
Germany 1933 is what is happening.....exactly 4 years after the crash-2012 doomsday for US economy the day of reckoning.
In reality, you are some clueless noob trying to short a bull market and getting owned. I'll gladly take the opposite side of any trade you make for years you are in for a rough ride it is clear.
No one knows what levels we will or won't reach and that includes Goldman. They don't know anymore than the avg puke on the street... but they have a bully pulpit and an arrogant predisposition to pretend they do. They make a determination to cheerlead on the side of the market that most benefits their bottom line but in the end, the market will go where it wants. Hell, it wouldn't surprise me that they're sucker punching and shorting as they call for an 18% rise. As for my 2 cents, I would not be surprised to see a major correction to the downside as our debt comes home to roost and QE2 draws to a close. Maybe it will, maybe it won't... I guess we'll see in Dec. 2011