Is a Global Financial Implosion Right around the corner?

[BreadWinner]

I'm going to say no, we are seeing a market correction. Things will be back on the upswing within a couple months.

[LEP]

My swag estimate is for a market correction in October, unrelated to the election of about 10 to 15%.

But what do I know, I also think there will be a three way vote split and Harper will win the election with a minority.

[cottonpicken]

There is no way out for japan. How big it will effect i dont know

[Oliver88]

I think oil will be at $70 by end of year.

Harper will win a minority or possibly majority if NDP fails.

[perfecho]

Reading "The Crash of 2016" by Thom Hartman...standing on the edge of America's 4th great crash that happens about every 80 years. where the Economic Royalists do everything in their power to maintain the riches they have achieved......by hook, crook or war.
Only started the book, so not sure how it ends...;-)

[ado089]

Biglentil, it's my belief that we still haven't reconciled the sub prime bubble. I feel that al that has happened is the sub prime mortgage bubble has been replaced with a bond and equity bubble through cheap money and QE. When you compare commodity prices now compared to 2008 the tale is one of deflation. Demographics are ugly in the West and China for the next 10-15 years. China and emerging countries have kept things going via a somewhat self sustained feedback loop of export demand creating wealth leading to more export demand. Unfortunately things have slowed down enough to break that loop. I could be wrong, actually I'd prefer some inflation but I can't reconcile it happening.

[perfecho]

A bit of Thom Hartmann "The Crash of 2016"
https://www.youtube.com/watch?v=rvxhh3hjfSs

[LEP]

If the crash happens every 80 years from '29 the 2008 crash was it.

[sawfly]

thanks for the link Perfec0
lots to think about

[SASKFARMER3]

Boom implosion probably late October or NOV