Quote from ess1096:
Great depression II might be debateable but in 1929 the US had a declining real estate market and a raging bull stock market when a credit bubble bursted. Then the government tried to fix everything and the rest is history.
But THAT scenerio could NEVER happen in the US again, right?
Agreed....problem is "the masses" still think a big bull market lies ahead...only when everyone is on board will we, perhaps, begin to come out of it. don't see this for a long time coming.
also, gold is head way, way down. $650 to $600 is my estimation.