The Plain Truth

I Repeat…

I continue to be amazed by so many out there, from the pundits with their agendas to the so-called experts who zoom in on every grain of short-term optimism with an electron microscope while explaining away the reality. Not much has changed since I last wrote. Let me repeat in case you haven’t been following me. We are going to see…

- An earnings meltdown

- Hundreds of bank failures over the next few years

- Hundreds of hedge fund blow ups

- Soaring corporate defaults (already beginning)

- A huge junk bond market (soon to come)

- A large oil correction which will rebound and make new highs down the road (in progress)

- Real estate prices collapse by 30% (35% worst case scenario)