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What Is America Going To Look Like When Stocks, Home Prices And Even Used Cars All Crash By At Least 50 Percent?

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Have you ever thought about what comes after the bubble?  In 2008 we got a short preview of what life will be like, but most Americans seem to have come to the conclusion that the last financial crisis was just a minor bump in the road toward endless economic prosperity.  But of course the truth is that the ridiculously high debt-fueled standard of living that we are enjoying now is not sustainable, and after this bubble bursts it will be an extremely painful adjustment for our society.

Since the last financial crisis, the U.S. national debt has nearly doubled, corporate debt has doubled, stock valuations have reached exceedingly ridiculous extremes, the student loan debt bubble has surpassed a trillion dollars, we are facing the largest unfunded pension crisis in U.S. history, and in many parts of the country (particularly the west coast) we are facing a housing bubble that is even worse than the one that burst in 2007 and 2008.

And even with all of these bubbles, U.S. GDP growth has been absolutely anemic.  Even if you believe the grossly manipulated numbers that the federal government puts out, the U.S. economy grew at a “miserably low” rate of just 1.6 percent in 2016…

In terms of GDP, the fourth quarter was revised up slightly, but there were adjustments for prior quarters, and overall GDP growth for the year 2016 remained at a miserably low 1.6%. We’ve come to call this the “stall speed.” It’s difficult for the US economy to stay aloft at this slow speed. As Q4 gutted any hopes for a strong finish, GDP growth in 2016 matched the worst year since the Great Recession.

And corporate profits, despite a stock market that has been surging for years, are even worse. A lot worse. They’ve declined for years. In fact, they declined for years during the prior two stock market bubbles, the dotcom bubble and the pre-Financial-Crisis bubble. Both ended in crashes.

Things have continued to get even worse early in 2016.  At this point, it is being projected that U.S. GDP will grow at an annual rate of just 0.9 percent during the first quarter of 2017.

So anyone that tries to tell you that the U.S. economy is in good shape is simply not being honest with you.

But even though things don’t look great now, they are going to look far, far worse after the biggest debt bubble in human history bursts.

For example, what do you think that America will look like after half of all stock market wealth disappears?  In a recent note to his clients, John P. Hussman stated that his team is projecting that by the end of this current market cycle “roughly half of U.S. equity market capitalization – $17 trillion in paper wealth – will simply vanish”.

And of course that projection lines up perfectly with what I have been saying for quite a while.  In order for key measures of stock market valuation (such as CAPE, etc.) to return to their long-term averages, stocks are going to have to fall at least 40 to 50 percent from their current levels.

As this coming crisis unfolds, other asset classes will experience astounding downturns as well.  This week, Morgan Stanley (one of the too big to fail banks) released a report that said that used car prices “could crash by up to 50%” over the next several years…

For months we’ve been talking about the massive lending bubble propping up the U.S. auto market. Now, noting many of the same concerns that we’ve highlighted repeatedly, Morgan Stanley’s auto team, led by Adam Jonas, has just issued a report detailing why they think used car prices could crash by up to 50% over the next 4-5 years.

Housing prices are primed for a major plunge as well.  This is especially true on the west coast where tech money and foreign purchasers from Asia have pushed home values up to dizzying levels.  Half a million dollars will be lucky to get you a “starter home” in San Francisco, and it was being reported that one poor techie living there was paying $1400 a month just to live in a closet.  Many believe that some cities on the west coast will be quite fortunate if home values only go down by 50 percent during the coming crash.

Everywhere you look there are bubbles.  In a recent piece, Daniel Lang pointed out some more of them

  • Eric Rosengren, the president of the Federal Reserve Bank of Boston, recently made a startling tacit admission. We may be in the midst of yet another real estate bubble. Major financial institutions in this country are in possession of over $14 trillion worth of residential real estate loans. That’s well over $40,000 for every man woman and child in America.
  • Low interest rates have fueled a bubble in subprime auto loans, and that bubble appears to be reaching its limits. There are now over 1 million ordinary and subprime auto loans that are delinquent, a number that hasn’t been this high since 2009.
  • There is now well over a trillion dollars worth of student loan debt in this country; much of it owned by low income families. And there’s little hope that these students will ever see a return on their investment. That’s why at least 27% of student loans are in default. While more than one in four students are in default now, that number was one in nine a decade ago. And if current trends continue, there could be $3.3 trillion of student loan debt by the end of the next decade.

At some point the imbalances become just too great and the system collapses in upon itself.

In other words, we are heading for a massive implosion.

And once the implosion happens, people are going to go absolutely nuts.  Anger and frustration are already rising to the boiling point all over the country, and it isn’t going to take much to push millions of Americans completely over the edge.

In a recent interview with Greg Hunter, author James Rickards warned that when things get really bad in America we could actually see what he refers to as “money riots”

So, could we be facing a “Mad Max” world if the financial system totally crashes? Rickards says, “In ‘Road to Ruin,’ I talk about what I call the money riots.  There is a lot of reasons for rioting.  When you start shutting banks and the stock exchange and they say you can’t get your money, it’s only temporary, trust us, people will go out and start to burn down banks.  The government is ready for that also with emergency response and martial law. . . . Governments don’t go down without a fight. . . . You can see the shutdown coming because they will try to buy time until they come up with a solution, whether it’s gold, Special Drawing Rights (SDR), guarantees or whatever it might be.  There are only two or three possibilities here, but all of them will take time, and they will have to shut down the system. . . . People will not sit for that.  So, that means people will riot.  They’ll burn down banks.  They will smash windows, but what is the reaction to that?  The answer is martial law, militarized police, actual military units and you get something that looks like fascism pretty quickly.”

I very much agree with his assessment.

All it is going to take is another major financial crisis and this nation will go completely and utterly insane.

Unfortunately, all of our long-term economic problems have proceeded to get a lot worse since the last time around, and so when things fall apart this time we will likely be looking at a scenario that is absolutely unprecedented in American history.

A lot of people have become very complacent out there these days, but that is a huge mistake.

Just because a crisis is delayed does not mean that it is canceled.  And because our leaders have kept making this economic bubble larger and larger, that just means that the coming crisis will be even more painful than it otherwise could have been.

 
  • aldownunder

    ‘Status quo, you know, is Latin for “the mess we’re in.”’

    Ronald Reagan

    • socalbeachdude

      Yep, I miss crazy old Ronnie and Nancy!

  • Paul Anders

    We are good for a while longer yet…business as usual

    • socalbeachdude

      For how long? Days? Hours?

      • Gasho

        nobody knows really… could be anytime now

        • awb22

          Or years… I’m ready either way, now or not at all, or until Christ returns, whichever comes first. Cheers, mates!

      • Paul Anders

        It’s been 9 hours now…let’s say at least a couple more shall we…

  • Bill

    It will be real ugly when homes, cars, and families are abandoned as no value trash. Yes debt is eating us alive.

    • socalbeachdude

      Houses and cars will never have “no value” but prices will come down substantially which will make houses much easier to afford once again.

      • Spatial Memory

        Put your head back in the sand.

        • socalbeachdude

          But I enjoy the smell of my a$$.

      • Paul Anders

        Only because you’ll have no money to buy them with…

  • aldownunder

    No matter the situation, never let your emotions overpower your intelligence

    • Spatial Memory

      Aversive salience disorders overpowered the homeschooled Economist. Jmho. Rotflmao

      • socalbeachdude

        Craziness is the only description of your disorder.

        • anonymous

          Coming from someone with Extreme Narcissistic Personality Disorder. Oh…the irony.

          • socalbeachdude

            Where do you come up with such utterly nonsensical and bogus assertions?

          • anonymous

            Did I hit a nerve? Voting up every comment is one indication. Taking over this comment board is another. The list can go on but you probably already stopped reading.

          • socalbeachdude

            I have a short attention span. Sorry what do you say? Never mind. Laughably false.

  • Mike Smithy

    Ah yes, I love Michael’s reference to “Mad Max”. Who remembers the character called… “The Lord Humungus”..”The Warrior of the Wasteland”…”The Ayatolla of Rock and Roll-ah”. That was some weird stuff.

  • Spatial Memory

    Neurotics build continuous collapses in economic expansions, psychotics live in them!

    • socalbeachdude

      Expect crashes of 50% to 80% in most stocks!

  • JC Teecher

    Michael has made a very profound and truthful statement….

    “But of course the truth is that the ridiculously high debt-fueled standard of living that we are enjoying now is not sustainable, and after this bubble bursts it will be an extremely painful adjustment for our society.”

    When adding up all the bubbles and downsides he has spoken of in this article, it should be a wake up call to everyone that reads this, and they should shout it to the rafters, to all their friends,families, and acquaintances.
    Anyone with an ounce of common sense should gather all their papers of any value, and sit down at the kitchen table and have a family meeting.
    Even if the family only consists of one. Make a detailed plan for eliminating all debt, especially all that is backed with collateral, unless it is something that one can let go back to creditors and live without. But even that may be held against a person if the item cannot be sold to satisfy all the debt owed against it..aka new car.

    Anyways, there is a window of opportunity to get ones house in order, before the bottom falls out. Just how long that window of opportunity exists is anyone’s guess, but as we get closer, the “guess” becomes more of a necessity, because we are one catastrophe away from the catalyst that starts the whole domino effect.

    One day, we pull up to the teller window and deposit and/or withdraw cash. The next day the banks are locked up tight and no one is getting any funds from ATMs, because they will be emptied as soon as the word comes down that TPTB are pulling the proverbial plug on the dam.

    All the Trump teams in the world will not be able to stop the economic crash that is heading towards us at Freeway speeds. God I hope I am wrong, but Michael has been faithfully reporting the facts, and the facts don’t lie. If we are lucky, very lucky, we make it through this year and hopefully into the warmer months of 2018 before they pull the plug.
    This September/October, the last fifty year jubilee cycle will be over, and it is the last I will ever see in the flesh.

    We plan to live as large as we carefully can for the remainder of this year, while staying focused on our salvation and the coming Kingdom, ever so thankful everyday to our Heavenly Father for His blessings.
    God bless everyone that visits here, and a warm thanks to Michael and Meranda for their work. We will return in a week or two if the sharks don’t grow legs.

    • SnodtBlossom

      Michael has been saying the same junk for years

      • democrats ARE racist IDIOTS

        drop 50% like snodt’s breasts?

        • SnodtBlossom

          My breasts are nice and firm you Perv

      • Daddyotis

        Snodtty’s been saying the same junk for years. Remember this jewel?:

        “Madame President Hillary Clinton. Get used to it!”

        BWAHAHAHAHAHAHA!!

        • SnodtBlossom

          Well I tell ya.. There’s things I say for affect.
          But I think Michael believes himself.

      • bill

        AGREED!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! The man is a serial BS artist.

    • DeathtoFiat

      ^ If you do this, you will lose all your friends and family. Guaranteed. They will not listen, they will leave. Period.

      • SnodtBlossom

        JCT’s wife hasn’t left yet, but she loves the dog more.

  • David

    my wife & I today seen a family of 4 livng out of a van in a supermarket parking lot with their parents begging for help with signs. seems to be getting all too real.

    • “V”

      Walmart in Oviedo Florida???? I saw a van with Michigan plates sleeping with the rear doors open under a tree in the furthest area of the parking lot

      • socalbeachdude

        It is illegal to park for extended period in any store parking lots here in California.

        • awb22

          Oh, where? Per capita, CA has the worst homeless problem in the US. If you’re in northern CA, that’s a different story.

          • socalbeachdude

            False. There is no “homelessness” to be seen at all along the entire coast of California as that sort of bad behavior is absolutely not tolerated by citizens or the police.

          • Spatial Memory

            R O T F L M A O !

            homeless people in San Diego and throughout California, a state with the dubious distinction of leading the nation in housing deprivation.

            California has the highest number of homeless people of any state in the US. According to the most recent US Department of Housing and Urban Development (HUD) Annual Homeless Assessment Report, the state is home to 26 percent of the country’s homeless, with the highest percentage — some 64 percent — ‘unsheltered,’ meaning they stay in places considered not intended for human habitation, such as cars, parks, sidewalks, streets and abandoned buildings. The estimated number of homeless people in Los Angeles topped 28,400 in 2016, with some 46,874 in Los Angeles County, and San Diego County has over 8,600 homeless, with an estimated 5,093 residing in the city of San Diego.

            Of the five largest cities in the US with the highest percentage of the total population homeless, four are in California. San Diego is fifth on that list, while San Francisco is number one

          • socalbeachdude

            There are a number of very poor INLAND AREAS that have always been poor here in California and will always be poor and there is nothing new about that – nor in any way significant about that – at all. There are over 39.4 million residents that live in the State of California.

        • David

          yes the Homeless know this all too well. everytime they find a place they think they will be able to sleep undisturbed the blue hats & flashlights in the middle of the night reminds them they are delusional if they think otherwise.

          • socalbeachdude

            That’s why there are no “homeless” people at all in Beverly Hills, California.

          • HE WILL NOT DIVIDE US

            They all are in S.F

        • retired22

          Are you trying to be humorous or are you the king of understatement?

          Of course these people knew that it was illegal.
          While being hopeless & hungry & beyond caring about formalities,I doubt that parking legally was one of their prime concerns!

          • socalbeachdude

            Huh? If they commit the crime of parking on our streets between 3:00 am and 5:00 am they will have their vehicles impounded and will have no vehicles and they have absolutely no business whatsoever parking on our streets at night. We and many other cities in Southern California absolutely WILL NOT TOLERATE CRIMINAL ACTIVITY of any kind in our lovely neighborhoods.

          • Stuey

            You sir are a heartless AH.

          • socalbeachdude

            Laws do not have emotions and our overnight no parking laws are designed to PREVENT CRIME in our cities here in California. What part of that don’t you fully comprehend?

          • socalbeachdude

            I sure am

    • socalbeachdude

      That sort of dodgy behavior is not allowed in my town.

  • “V”

    The pension tsunami will hit when the crash occurs, going to get real real ugly

    • none

      Going to get real ugly, REAL fast.

      • socalbeachdude

        Yep!

        • natxlaw

          yep, there is just no way out of this one.

          • Spatial Memory

            ROFL

        • George W Hill Jr

          So anyone that tries to tell you that the U.S. economy is in good shape is simply not being honest with you.

          • socalbeachdude

            What I stated about the US economy is 100% true, accurate, and correct. It is indeed the largest single country economy in the world and is now an $18 trillion a year economy with a population of around 325,000,000 people. That does not mean that it does not have SERIOUS DEBT ISSUES at all which it indeed does, but overall assets in the USA vastly exceed the amount of debt in the US economy. What part of that big picture do you somehow not comprehend?

          • Stuey

            What do you think total US assets are worth and what is the total debt and unfunded liabilites amoun to? The reason i ask is i have read others say the exact opposite of what you are saying concerning this topic.

          • socalbeachdude

            Total assets in the USA are currently somewhere between $100 trillion and $180 trillion with the most conservative estimate being around $92 trillion just in household assets alone.

            The total value of assets in the US far exceed the total debt of $64 trillion in the US. How long that will last is, of course, open to question and debate. The flip side of all debt is that it is held as an ASSET by its owner. Are you really unaware of that?

            Americans Wealthier Than Ever…

            U.S. household net worth climbed to a record $92.8 trillion in the fourth quarter of 2016, as the end-of-year surge in stocks and a steady climb in home prices added more than $2 trillion of wealth to household balance sheets.

            The biggest contributor to the increase was the stock market’s end-of-year rally, which added $728 billion to household net worth in the fourth quarter, according to the Federal Reserve’s quarterly financial accounts report.

            https://www.wsj.com/articles/u-s-household-net-worth-reaches-record-92-8-trillion-1489078918

          • Stuey

            I have read estimates of total US debt including unfunded liabilities at 100 trillion.

          • Stuey

            you only answered one part of a two part question………typical

    • SnodtBlossom

      People who have pensions are over-padded as it is

  • Rich Bitch

    Blah, blah…..
    OK guys time to change your caned food , it expired already waiting for crush in housing market. :))

    • none

      You could donate the expiring cans to the local old folks home.
      This will give them a welcome change from dog food.

      • natxlaw

        canes

    • socalbeachdude

      “Caned” food? Are you saying it is beaten before served?

  • socalbeachdude

    When that happens (but expect crashes of prices of up to 80%) it will be the dawn of a much better and happier America for most all Americans across the country!

  • socalbeachdude

    Cigarette prices just went up $2 per pack here in California at the crack of midnight on 04/01/2017 which will really slam the poor and other folks who smoke really hard – just to feed the State government greed and all thanks to idiot voters who voted to pass this absurd and egregious additional punitive tax.

    • natxlaw

      That has to be an April fools.

      • socalbeachdude

        Unfortunately that tax increased was passed into law on a proposition by voters on November 8, 2016 and then went into effect on April 1, 2017 and it now costs $20 MORE PER CARTON for cigarettes than it did previously which is going to take a huge chunk of money out of people’s pockets once again to go to the State.

        • GSOB

          To help pay for medical costs for the smoker who has no health insurance.

          • socalbeachdude

            What utter nonsense.

    • awb22

      Good, there’s no redeeming value for tobacco. As long as we have socialized medicine, there should be a fat tax, too.

      • socalbeachdude

        Cigarettes were an American invention and tobacco and cigarettes were one of the first real American exports to the rest of the world and would be one of our greatest industries today if the industry wasn’t being so crippled by regulations and enormously absurd taxation.

        • awb22

          That’s not the point, the health implications are substantial. North Carolina finally passed a law banning smoking in restaurants and bars. It’s been a sea change of improvement.

          • socalbeachdude

            That was a phenomenally stupid thing to do in North Carolina. I used to buy entire cartons of cigarettes there – any brand including the best and fanciest – for $3.25 per carton with tax included. It is way past time that the hostility towards tobacco and cigarettes be totally stopped and that we make the tobacco industry in America great again.

          • awb22

            You’re entitled to your opinion. How many people have died as a direct result of cigarette smoking? How much has the tobacco industry contributed to pay for the health and social costs associated with their product?

            Again, if we didn’t have socialized medicine, I wouldn’t have any issue with your smoking, just not around me. You probably wouldn’t appreciate me taking a dump on your living room carpet, either, would you?

          • socalbeachdude

            The more people that die sooner, the lower the costs of medicare care in the USA. We should be ENCOURAGING MORE PEOPLE TO SMOKE and that we are doing just the opposite is one of the reasons why MEDICAL COSTS ARE SOARING IN THE UNITED STATES. We certainly are not going to have “socialized” medicine at all in the USA.

          • awb22

            Right, jobber the nut.

          • socalbeachdude

            Why do you and others want to attack fine and great American industries like the tobacco industry which was once the largest and most important industry in the United States?

          • awb22

            We could start with the criminal act of knowingly selling a product, even after their own research showed their product kills. Or are they beholden to their shareholders first? If that’s so, then you’ve just granted a license to kill, if it’s in that person’s or business’s fiduciary interest,

            Please tell me you’re not that stupid.

          • socalbeachdude

            What utter nonsense. One of the only things absolutely certainly is life is that ALL PEOPLE END UP DYING.

          • GSOB

            and paying taxes before they do….

          • socalbeachdude

            Around 50% of Americans pay absolutely ZERO in federal income taxes and most Americans fail to pay their debts off before they die.

            The average American dies $62,000 in debt and 73% of all US citizens owe money when they die

            Most Americans are dying in debt – and on average owe tens of thousands of dollars, according to data released by credit company Experian.

            http://www.dailymail.co.uk/news/article-4340506/Most-Americans-die-debt-owe-average-62-000.html

          • GSOB

            Tobacco was a means of currency way before the FRB. I’d take the FRB, if these were the only two choices for currency supply.

            Are you a chain smoker?

          • socalbeachdude

            Tobacco has always been a great American COMMODITY and was the principal industry in the USA at the time the USA became a country.

          • GSOB

            Native American Indians smoked tobacco also, long before Columbus set sail to rediscover it.

          • socalbeachdude

            Indeed they did. Along with peyote.

          • awb22

            Then you don’t believe the truth of God’s word?

          • GSOB

            Your money or your life?
            Well?
            (You are thinking about it)

    • GSOB

      You smoke?

      • SHAMWOW

        Too busy drinking Kool-aid.

        • socalbeachdude

          Nope. I deal with the actual facts.

  • socalbeachdude

    More than 3,500 retail stores are closing all over America including locations of major chain stores over the coming 2 months. The retail collapse is in full swing everywhere in America. Vehicle sales have also collapsed and used vehicle prices are in free fall with plunges in value from 8% to 50% depending on the vehicle which will further impair the around $1 trillion in vehicle loans outstanding as collateral value evaporates.

  • socalbeachdude

    JPMC is offering a $595 credit if you buy a new house this month!

  • rentslave

    50 per cent isn’t enough…………………..but I’ll take it!

    • socalbeachdude

      Don’t worry! Quite a number of stocks will fall 100%, but the good news is they can’t fall more than that!

      • awb22

        Exxon will always be worth something. Here’s a scenario for you. A .01% elite owns a company with nearly 100% ownership through various shell corps. Then works out an arrangement to buy other publicly owned companies for pennies on the dollar, in exchange for a share of the new company as payoff, while the stockholders of the first company are left holding the bag. Who would be the wiser?

        • Spatial Memory

          Anyone with a functioning brain.

          • awb22

            Think it couldn’t happen?

          • Spatial Memory

            Anything could happen. 🙂

          • awb22

            And there wouldn’t be anything you or anyone else could do about it, either.

          • Spatial Memory

            You’re obviously very new to capital markets. Good luck. 🙂

          • socalbeachdude

            Obviously, you’re a total neophyte and dumber than a bag of broken bricks!

          • GSOB

            Why don’t you go spit on a fish?

          • Realist

            Huh?

          • GSOB

            Dare to be stupid

          • socalbeachdude

            Dare to destroy great American industries like the tobacco industry and you will get exactly what we are seeing with the damage to the US economy.

          • GSOB

            Addiction to death based markets are a disservice to mankind.

          • socalbeachdude

            What business is it of yours as to those who choose to smoke tobacco? Absolutely NONE WHATSOEVER and it causes massive economic harm when an industry like tobacco – which could be one of our greatest exports to the world – is under such vicious attack by imbeciles.

          • SHAMWOW

            Take out all the toxic additives that companies like to add to tobacco and have a pure form of tobacco then I might agree with you.

          • James Staten

            You do realize that the Lord doesn’t make partial preterist, but men do..chuckle, chuckle

          • GSOB

            I see you are still in the healing process with your theology and eschatology. As a man thinks, so is he.
            I may be wrong concerning you, but…. have you settled peacefully with the Biblical doctrine of predestination?

          • James Staten

            I see you are still “Partial” to your skewed theology..chuckle, chuckle

          • socalbeachdude

            Huh, dude?

          • Troll Patrol

            Huh? Huh, Dude?

          • socalbeachdude

            I like to choke my chicken.

        • socalbeachdude

          Exxon – which is a Dow 30 stock – is severely hurting these days with plummeting profits due to the massive global oil glut and the prices falling from $114 per barrel in June 2014 to their present level of around $50 per barrel and they have no money to put into becoming a general conglomerate and no interest whatsoever in doing that.

          • Spatial Memory

            XOM only booked $82.51 billion in the trailing 12 months and forecasting 17.5% net profit growth for the current.

            Put your head back in the sand. ROFL

          • socalbeachdude

            Exxon’s profits are down about 50% over the past 3 years and their revenues are also down, but revenues are not profits at all and what matters is PROFITS. Exxon is dumping a number of properties in order to try to raise money and just dumped one of the largest refineries here in Southern California which accounts for 10% of all gasoline production in California over to PBF Energy last year.

          • Spatial Memory

            Reality is XOM net earnings declined ~75% over that period. Learn to read financial statements. ROFL

          • socalbeachdude

            Exxon’s earnings will continue to decline as the price of oil stays at $50 per barrel or much lower over the foreseeable future as the GLOBAL OIL GLUT intensifies.

  • socalbeachdude
  • socalbeachdude
    • awb22

      Don’t forget Commercial RE.

      • socalbeachdude

        100% correct, and has been building for 8 years.

  • socalbeachdude
  • socalbeachdude

    This is the most overvalued stock market on record — even worse than 1929

    This is the most dangerous and overvalued stock market on record — worse than 2007, worse than 2000, even worse than 1929.

    Or so warns Wall Street soothsayer John Hussman in his scariest jeremiad yet.

    “Presently, we observe the broadest market valuation extreme in history,” writes the chairman of the cautious Hussman Funds investment group, “with the steepest median valuations on record, and the most reliable capitalization-weighted measures within a few percent of their 2000 peaks.”

    http://www.marketwatch.com/story/this-is-the-most-overvalued-stock-market-on-record-even-worse-than-1929-2017-03-13?mod=MW_story_top_stories

  • socalbeachdude

    The “Everything Bubble”

    That is what economist John Hussman calls it. Here is the chart he uses, which includes most of the major categories of the S&P 500 index. It doesn’t include the rise this year, which has now brought the market to the edge of a “Super Bubble.”

    http://bertdohmen.com/the-everything-bubble/?utm_source=BD&utm_campaign=The_Everything_Bubble&cmp=1&utm_medium=HTMLEmail

    • natxlaw

      everything bubble, I like the name. It’s accurate.

      • Spatial Memory

        Everything Bubble Disorders, like aversive salience disorders, seems to afflict many homeschooled wannabe economists and doomsday prognosticators.

        Those with balanced nucleus accumbens and balanced portfolio allocations thrive while those without assets are getting poorer by the milliseconds while rationalizing the devastating effects with cool bubble and collapse clichés.

        • socalbeachdude

          What utter stupidity and nonsense.

          • Spatial Memory

            Put down that mirror. ROFL

          • socalbeachdude

            Hardly, but your cluelessness is beyond simply mind boggling.

  • Spatial Memory

    Avatar
    socalbeachdude awb22
    6 minutes ago
    False. There is no “homelessness” to be seen at all along the entire coast of California as that sort of bad behavior is absolutely not tolerated by citizens or the police.
    Reply

    Avatar
    Spatial Memory socalbeachdude
    4 minutes ago
    R O T F L M A O !

    homeless people in San Diego and throughout California, a state with the dubious distinction of leading the nation in housing deprivation.

    California has the highest number of homeless people of any state in the US. According to the most recent US Department of Housing and Urban Development (HUD) Annual Homeless Assessment Report, the state is home to 26 percent of the country’s homeless, with the highest percentage — some 64 percent — ‘unsheltered,’ meaning they stay in places considered not intended for human habitation, such as cars, parks, sidewalks, streets and abandoned buildings. The estimated number of homeless people in Los Angeles topped 28,400 in 2016, with some 46,874 in Los Angeles County, and San Diego County has over 8,600 homeless, with an estimated 5,093 residing in the city of San Diego.

    Of the five largest cities in the US with the highest percentage of the total population homeless, four are in California. San Diego is fifth on that list, while San Francisco is number one

    • socalbeachdude

      There is no “homeless” nonsense anywhere in Beverly Hills, California or the other fine cities that make up the West Side of Los Angeles County ranging from Palos Verdes Peninsula on the South to Malibu on the North. As I stated, that kind of bad behavior is absolutely NOT TOLERATED at all. By the way, there are over 17 million people in the great Southern California area and your numbers are of absolutely zero statistical significance.

      • Spatial Memory

        Total population in Los Angeles County. Total Population: 9,818,605. Male Population: 4,839,654. Female Population: 4,978,951

        Debunking your lies is endless. ROFL

        • socalbeachdude

          There are around 17 million people in the greater Southern California area.

  • J.j. Cintia

    Listen sport, when you support cheap labor driving down wages, you shouldn’t complain about deflation. The stores are all going broke because disposable income is pretty near extinct. With shelves full of products gathering dust, and warehouses that are overflowing, these retailers have to cut prices to clear the stock out. If they wait, they’ll all go bankrupt and it’ll just be sold at discounters that increase deflationary pressure.

    • socalbeachdude

      Yep, the global deflationary spiral is significantly intensifying these days.

      • Spatial Memory

        Meanwhile on earth assets are experiencing creeping to moderate INFLATION- exactly the opposite of your ABSURD GUESSWORK. ROFL

        • socalbeachdude

          Assets are now crashing across most all categories, particularly as bonds lead those crashes forward. More stocks are setting 52 week lows than there are stocks setting 52 week highs.

          • Spatial Memory

            Bonds leading those crashes forward= roflmaooooo

          • socalbeachdude

            Bonds have been CRASHING SINCE LAST JULY and more than $1 trillion has been lost in the bond markets since then in the US alone.

          • Spatial Memory

            Welcome to earth where a Crash is defined as 30% decline and most key bonds remain at 140 year highs down for historic highs since the inception of credit market record keeping.

          • socalbeachdude

            If you and others only have 30% losses consider yourself very fortunate in the coming crashes where up to 100% will be lost on equities (stocks).

          • Spatial Memory

            You have Zero clue what you’re typing now. Obviously you’re even more delirious and unhinged than usual. Get some sleep. ROFL

          • socalbeachdude

            Thank you again for describing YOURSELF so very perfectly!

          • awb22

            contributing absolutely nothing to intelligent discourse, again.

          • socalbeachdude

            That certainly describes YOU perfectly.

          • awb22

            projecting, again.

          • retired22

            He is funny even though he is serious & doesn’t mean to be funny.
            Just a product of a dead personality!

      • George W Hill Jr

        so who looks like the idiot now?
        face facts you are either ignorant or a fool

        • Rick

          That would be both in this case.

        • socalbeachdude

          YOU are the one who looks like an idiot and a fool as is very clear from your comments. The GLOBAL DEFLATIONARY SPIRAL is rapidly intensifying in the GRAND GLOBAL DEPRESSION which began in August 2007.

  • socalbeachdude

    What utter BS nonsense. Housing prices are headed for their biggest collapses in history.

    • Spatial Memory

      LUDICROUSLY INACCURATE GUESSWORK. ROFL

      • socalbeachdude

        Nope. Not in the least.

  • socalbeachdude

    Santa Monica is a VERY EXPENSIVE CITY and has no issue whatsoever with “homeless” people as that sort of bad behavior isn’t tolerated there for a second.

    • Spatial Memory

      Santa Monica’s population is 80,000 and the police claim that there are 8,000 homeless.

      • socalbeachdude

        Absolutely false. That sort of bad behavior is not tolerated for a second in the City of Santa Monica.

        • Spatial Memory

          also invited charities and feeding programs. There are dozens of feeding programs on 4th Street between the 10 freeway and Santa Monica Blvd. Many times a week you will see a long line of people waiting for food. It’s theoretically possible to get most of your meals for free in Santa Monica

          • socalbeachdude

            Absolutely false.

          • Spatial Memory

            Hold on, this is waiting to be approved by The Economic Collapse.

            Santa Monica Homeless Shelters & Services For The Needy

            Welcome to our Santa Monica, California Homeless Shelters and Services for the needy page. Below are all of the homeless shelters and services for the needy that provide help to those in need for Santa Monica, CA and surrounding cities

          • socalbeachdude

            There are none.

          • Lennie Pike

            I just now returned from Santa Monica and what Spatial Memory claims is absolutely true. Socal is a liar.

          • socalbeachdude

            Laughably false. IF you ever came near Santa Monica, California, just what made you think anyone you saw was in any way “homeless?”

        • David

          I used to live in SO Cal myself for over 20 years. Pasadena, California in fact and California has always had a problem with homelessness because of 1, high cost of living. 2 the homeless from colder climates mainly oregon & Washington would come to SO Cal to live in the streets at least their chances of dying from hypothermia are less. the problems with homelessness there just continue to worsen as our economy worsens.

      • David

        in the state of Hawaii the public officials there offer the homeless one way flights to anywhere they want on the west coast because they feel the homeless are hurting their tourism industry which is their bread & butter.

        • Pam Cooper

          Seems like they should be offering them a JOB–some of them might actually take it.

          • socalbeachdude

            Huh? Job doing what? And who would be offering? You have no idea at all as to the now very high end demographics of Santa Monica, California.

      • socalbeachdude

        Obviously that assertion is not true.

    • David

      I was in Pasadena during the Los Angeles olympics and the Police were arresting & locking up the homeless on anything they could charge them with just to get them off the street so the tourists wouldn’t be offended by LA’s homeless problems.

      • socalbeachdude

        It isn’t tourists that we care about, it is the RESIDENTS AND PROPERTY that we care about and someone who does not live in a neighborhood has no right at all to be in that neighborhood. What part about that don’t you comprehend?

        • David

          I never said the homeless were arrested in some rich dude’s neighborhood. these homeless people were arrested in a downtown business district. why don’t you ask first instead of impulsively implying they were in a residential area?

    • David

      yes I am sure the Santa Monica Police & city officials policies regarding the homeless are right out of former New York Mayor Rudy Gulianni’s playbook. Lock them up or run them out of town so they can be someone else’s problem. isn’t that the way of it?

      • socalbeachdude

        We do not put up with that sort of bad behavior from “the homeless” at all.

    • HE WILL NOT DIVIDE US

      Same with Sonoma

  • socalbeachdude

    What utter nonsense. I am in Santa Monica frequently and have never run across anyone purporting to be “homeless” at all.

    • Spatial Memory

      On any given weekend there are over 50,000 people, mostly tourists, who come to visit, and they give money and, at worst, they put plastic and glass bottles and cans in the trash, which homeless dig out and turn in to make some small money.

      There are plenty of places to sleep if you are able to sleep in a doorway. You see them in the doorway of Equinox fitness club, in front of Victoria’s Secret, and in the park. Some sleep under the pier. The temperature is not too hot, not too cold, just right, year round.

      There are plenty of movie theaters, and sometimes a homeless person will buy one ticket, then spend the day in the theater.

      The Santa Monic public library main branch is filled with homeless people, some of whom do their bathing in the public restrooms, which have had an inch of water on the floor on those rare occasions when I’ve had to use it.

      Cities around the western US used to give their homeless one-way bus tickets to Santa Monica, and would even make brochures for them showing them were to get free food.

      • socalbeachdude

        Once again, absolutely false. Police immediately question and remove any undesirables from our fine coastal cities.

      • Saiga 1

        a quick Bing search shows about 750-1,000 homeless in 2016

        • socalbeachdude

          Out of a population of about 17 million people in the greater Southern California metropolitan area!

          • Saiga 1

            nah, 89,000…I always compare apples to apples and oranges to oranges. Report the facts, and nothing but the facts…that’s good enough.

    • SHAMWOW

      Take off the “BLINDFOLD.”

  • Spatial Memory

    On any given weekend there are over 50,000 people, mostly tourists, who come to visit, and they give money and, at worst, they put plastic and glass bottles and cans in the trash, which homeless dig out and turn in to make some small money.

    There are plenty of places to sleep if you are able to sleep in a doorway. You see them in the doorway of Equinox fitness club, in front of Victoria’s Secret, and in the park. Some sleep under the pier. The temperature is not too hot, not too cold, just right, year round.

    There are plenty of movie theaters, and sometimes a homeless person will buy one ticket, then spend the day in the theater.

    The Santa Monic public library main branch is filled with homeless people, some of whom do their bathing in the public restrooms, which have had an inch of water on the floor on those rare occasions when I’ve had to use it.

    Cities around the western US used to give their homeless one-way bus tickets to Santa Monica, and would even make brochures for them showing them were to get free food

    • socalbeachdude

      Absolutely false and extremely stupid and utterly bogus assertions.

  • socalbeachdude

    We absolutely do not tolerate poor people in our expensive cities on or near the coast of California unless they are paid domestic or outside help. Beverly Hills and many other fine cities also have no parking of any vehicles on streets between 3:00 am until 5:00 am which prevents vehicles parking on any of our streets during the night.

  • socalbeachdude

    If you really look like you avatar, my extreme sympathies to you.

    • Troll Patrol

      Bad as it may be, the cutaway view, the inner workings of the heart, is far worse.

  • socalbeachdude

    What utter nonsense. Crashes occur as the end result of CREDIT BUBBLES and we are in the MOST EXTREME CREDIT BUBBLE ever seen in the history of the world. Hellllllllooooooooooo?

  • Spatial Memory

    Sloppy price action in futures. Looking like 3%-10% decline imminent at start of second qtr. Jmho 🙂

    • socalbeachdude

      Looks like the major crash is gathering major speed!

      • Spatial Memory

        ROFL

  • socalbeachdude

    Where do you come up with such totally false and utterly bogus nonsense? Obviously, you do not live here in Southern California and know nothing at all about life here in Southern California.

  • socalbeachdude

    You look like the deformed sister of Rachel Madsow except much worse if that is really you in that hideous avatar.

    • Troll Patrol

      No PIC is as bad as how Carrie really feels about herself, deep down. Self-hatred takes a toll.

  • socalbeachdude

    What utter nonsense and Donald has nothing to do now with any of his prior businesses which are all in Trusts.

  • socalbeachdude

    Laughably false and extremely stupid and bogus assertions from you. Anyone who acts like that in Santa MOnica would be immediately reported to the police and removed and/or arrested, and the very same is the case in Beverly Hills, CA which is just to the east of Santa Monica.

    • Stuey

      You just stay in Beverly Hills, you don’t know what is going on here in the real world.

      • socalbeachdude

        Beverly Hills, California is the REAL world!

        • SHAMWOW

          Everyone there must live in plastic bubbles.

  • socalbeachdude

    Totally false and clueless assertions.

  • socalbeachdude

    Absolutely false and extremely ignorant and inane assertions. Apparently you have never been to Santa Monica at any recent time at all – if ever.

    • Lennie Pike

      idiot

      • socalbeachdude

        That apparently does describe YOU.

      • socalbeachdude

        That describes my behavior 100%

  • socalbeachdude

    Totally false.

  • Spatial Memory

    Futs be sandbaggin for chitown min

  • Paul Patrior

    Wow!!!!!!

  • Spatial Memory

    Pearson Moment
    🙂

  • awb22

    Absolutely hilarious! I never would have come up with that connection. SBD is either a bot, homeless, schizo, or all three. He should change his handle to SBB, for Bum.

    BWAHAHAHAHAHAHAHAHAA

  • LIZ THE SHIZ

    hey
    USA 50% off, somebody’s going to get a great bargain , say hello to your new Chinese masters

    • socalbeachdude

      China’s economy is the EPICENTER OF THE GLOBAL COLLAPSE and has been cratering for years with their stock market down around 50% and now their egregiously overprinted renminbi (RMB / yuan) is crashing. The only thing China is the master of is FINANCIAL IRRESPONSIBILITY and is the poster child of the collapse now occurring globally.

  • LIZ THE SHIZ

    I sure saw a lot of homeless across the street from the Disney Center Auditorium, you got love Gov.Brown

  • Mondobeyondo

    Classic deflationary depression, just like in the 1930’s.

    Everything gets cheaper. That’s the good part. The ONLY good part.
    Back in 1932, you could buy an apple on the street for 5 cents. Unfortunately, most people had 0 cents.

    • chris

      Fairly sure they will respond to any deflation with massive inflation. It’ll be a hyperinflationary collapse, imho.

      • socalbeachdude

        Nope, not even the slightest bit of a chance of that as the GLOBAL DEFLATIONARY SPIRAL intensifies. Governments are the ones that are now the MOST BROKE of an entities and there is no room whatsoever for any so-called “fiscal stimulus” and central banks have been engaging in tightening of credit for more than one year now and that will continue with rising interest rates and a decrease in credit extended to anyone.

  • Mondobeyondo

    We’re entering a situation where nearly everything you rely on, especially financially, will come tumbling down.

    Your pensions? Gone. Social Security? Gone. Personal savings? Wiped out. Credit and debit cards? Maxed out. Cash? Hmmm…

    We are being SO set up, and most people aren’t even aware of it. As the late comedian Chris Farley would say, get ready “to be livin’ in a van down by the river”.

    • chris

      I agree, it has to be a set up. No group of intelligent people could run such a system so incompetently as to keep repeating the same mistakes over and over again unless their aim is to totally fleece the people and then completely crash the system so that they can welcome their god Lucifer in to offer his ‘solution’.

      • socalbeachdude

        Laughably false.

      • socalbeachdude

        Indeed.

    • socalbeachdude

      No, Social Security is not going to be “gone” at all. Nor will personal savings in banks. More than one-third of Americans own their own homes free and clear with no mortgages at all. Those who have racked up large amounts of debt have nobody to blame but themselves and will simply have to suffer the inevitable – and clearly foreseeable – consequences.

  • George W Hill Jr

    well mike it went down this way

    LTCM start of “moral hazard” in a big way … bail out by banks

    2008 bailout of banks by Gov./FED Moral hazard transferred to c
    gov..

    Now who bails out the US Gov. ? …The FED? …IMF …(the world) …How?
    see we might have one more QE shot another “bailout”

    but that is it … so it either goes now/very soon or in 2020 is all gone…that is a mathematical certainty it is mad max…IMHO my time line ‘2020’ due to demographic imperatives … a world with out law…

    …or if we become sane and adopt real money and reset …we can ignore the reality of our predicament but we can ignore the consequences of them.

    • socalbeachdude

      Absolutely false. There was NO NET BAILOUT AT ALL of any banks in the United States back in 2008-2009.

  • Rick

    Who keeps money in banks these days? I thought the majority of the people couldn’t even raise $500 if they needed to? So if everyone is already poor, and really has nothing in the banks, why would they go burn them down?

    • George W Hill Jr

      see they “print” all they want … printing demolished value
      if you could just print value … I personally saw millionaires starve to death in Zimbabwe …where you need billions to eat.

      • socalbeachdude

        Absolutely false and extremely false assertions. The Federal Reserve has maintained the money supply in the US at very conservative levels and there is only around $3 trillion in M1 including only about $1.3 in actual printed money and only about $13.5 trillion in the broadest M2 money supply measure.

      • Carl

        Yes cannibalism happened even in the sixties I believe. It probably still happens somewhere out there even today. People will resort to it in the most extreme times. It is amazing what they will do just to extract a little more time here on this planet – no matter the miserableness of living conditions.

        • socalbeachdude

          Obviously, totally false.

          • Carl

            Why don’t you take a minute to look it up if you do not believe me. Note I did not say it happened here in the sixties but it has happened in modern times and not just by tribal groups.

          • socalbeachdude

            What utter nonsense.

          • Carl

            What is utter nonsense is your saying that it is in fact utter nonsense when it is not utter nonsense. In fact just saying that something is utter nonsense or even utterly nonsensical does not in fact make it utter nonsense. I find you sir or madam utterly unable to take a minute and at least consult with your google. So get to googling and I don’t want you to utter another nonsense until you have done so.

            P.S. I may or may not be a French model.

          • socalbeachdude

            Huh?

    • socalbeachdude

      There are over $13.5 trillion of deposits in US banks as confirmed by the M2 money supply numbers.

  • chris

    Unlikely. It’ll either collapse completely screwing over the savers as well or they will unleash a massive bout of inflation to bail out the debtors, thus screwing the savers again, then it will totally collapse and everyone will be screwed and martial law imposed. Probably best to spend some money enjoying yourself and also buy a tent and get ready to head off into the hills when the SHTF.

    • socalbeachdude

      Nope. Not even the slightest bit of a chance as to those scenarios.

  • George W Hill Jr

    you can not argue with in Idiot …

    • Troll Patrol

      Yes she can. Carrie is a ball of infinite argumentation.

    • socalbeachdude

      I’m sorry. I’m just always high on drugs and constantly hitting the bottle and I love to hear myself talk.

  • socalbeachdude

    The American Way’ – Making The Depression Great

    http://mashable.com/2017/04/01/the-american-way/?utm_cid=hp-h-5#tUXhiDFwEaqr

  • Troll Patrol

    So then, how’s the troll pay?

  • socalbeachdude

    Shares of car makers and their suppliers hammered after March sales disappoint

    http://www.marketwatch.com/story/shares-of-car-makers-and-their-suppliers-fall-after-march-sales-disappoint-2017-04-03

  • socalbeachdude
  • socalbeachdude

    Number of people who owe over $100,000 in student debt has quadrupled in the last 10 years

    http://www.marketwatch.com/story/number-of-people-who-owe-over-100000-in-student-debt-has-quadrupled-in-the-last-10-years-2017-04-03

  • Troll Patrol

    “Thank Putin’s Puppet, Donald…”

    And S a t a n’s puppet, Carrie.

  • socalbeachdude

    The so-called “Great Depression was actually just a VERY MINOR AND SHORT-LIVED BLIP.

    The Great Depression itself was really nothing more than two separate periods of recession the first of which started in August 1929 two months before the stock market crash of 1929 and which lasted only until March 1933. Then there was a recovery which lasted 4 full years with positive growth in GDP until May 1937 when the economy dipped into another very short recession which only lasted until June 1938.

    http://ingrimayne.com/econ/EconomicCatastrophe/GreatDepression.html

    This time around the Grand Global Depression is likely to last considerably longer and actually started in August 2007 and will be with us last least out through the end of 2032. The affects of the GGD are being masked by huge government deficits without which GDP would be decisively negative and by such programs as food stamps which are the modern equivalent of soup kitchens for 50 million Americans.

  • Carl

    Renters will NOT benefit. When you rent your LANDLORD holds all the cards so to speak. If you can buy for the same or less monthly rental payment you should buy. Those who have will always lord over those who don’t. The key is to be a have not a have not. That is how the game is played here on earth.

    • socalbeachdude

      Rents will fall all over the country just like they are now doing in NYC with rents down around 15% as landlords have increasing vacancies and attempt to attract new tenants.

      • Carl

        15% of a 3000 a month rent is still a heck of a lot of money.

        • socalbeachdude

          That’s simply what the going rate is set by the markets and it is dropping because there are nearly a million fewer residents now in the NYC area.

      • GSOB

        Yes…. you can drive all day and still be in Texas

        • socalbeachdude

          True, and there’s not much there in Texas.

  • socalbeachdude

    That article very clearly explains that concept itself. John rigorously enforces his copyright so we can’t be posting any extended section of his articles, so go read the article at that link carefully to understand just what John is saying.

    • orsobubu

      30 : 0.1 = 270b : x

      so I understood that if the dentist buy his share at 10 cents below, it means ALL the 9b shares are valued in that instant 0.1 $ less each… correct? I never looked at it this way, thanx sbdude!

      • socalbeachdude

        100% correct. A+++

        HOW STOCK PRICES CRASH…

        Equities (stock) markets are merely EXCHANGE CLEARANCE MECHANISMS BETWEEN BUYERS AND SELLERS OF EQUITIES. The value of any and all stocks at any given time is ONLY WHAT A BUYER IS WILLING TO PAY A SELLER TO BUY SHARES OWNED BY THE SELLER.

        As sellers outnumber buyers on any stock the price of that stock axiomatically falls correspondingly and the amount of money any buyer is willing to pay a seller becomes lower and lower until a price is reached at which the next buyer is willing to part with their money to the seller to purchase a stock. Market capitalizations (the total value of all outstanding shares of particular stocks times their market valuation per share) fall accordingly.

        When stock markets crash it is because of an EXCESS AMOUNT OF SELLERS COMPARED TO BUYERS and the bid prices for stocks plunge as sell orders go unfilled until they drop to lower prices. When sell orders substantially exceed buy orders then the MARKET MAKERS assigned to each stock have to step in and buy stocks on their own accounts to support clearance of stock sell orders. In the first case above, money to clear stock sales and cash out the sellers comes from other buyers in the markets. In the second case above, money to clear stock sales comes from the MARKET MAKERS from their own cash accounts.

        • orsobubu

          Thank you, I’ll study your answer, Sbdude; to avoid substantial losses, as I understand, the market makers can – by their prerogatives – in some way fool the clients of the bank, i.e. private buyers and sellers, manipolating prices? I ask this because I read in an informative note that my bank, here in Italy, is a market maker.

          • socalbeachdude

            You are very welcome!

  • retired22

    He made a big misstatement,The whole Global economy is going to tank & that could mean old fashioned warfare & a big part of the 3rd world is going to starve…As bad as it will be here,it will be 10X worse in the 3rd world & these people will not starve voluntarily,they will fight & steal & murder to stay alive!
    One of the big facts to be considered is global overpopulation.
    120 years ago the global population was 1.6 billion inhabitants (approx.) today that figure is over 7.5 billion & almost all of it is in the 3RD world.
    Nations like Mexico & most of Latin America to the south have old antiquated societies which cannot survive economic chaos with such large populations,they have social structures that are hundreds of years old.Social Structures that were never meant to govern such huge populations.

    I wrote a comment awhile back in favor of building the Wall along the

    Southern Border for protection against a massive north bound invasion by over 100 million poor & starving Mexicans after Mexico’s civil society is economically overwhelmed,… I received a reply from someone who said ”Forget the Mexicans,…what will we do about BILLIONS of 3rd world people from south of Mexico who will also try to enter America to survive!

    • socalbeachdude

      Most Mexicans have ALWAYS BEEN POOR and know how to live with being poor and will not be coming north at all. Illegal immigration into the USA has dropped around 40% since Donald Trump became President and will continue to drop as more illegals are deported and their access to any jobs are cut off in the USA. Let them eat corn and squirrel tacos.

      • retired22

        I don’t you grasp the enormity of the situation if the SHTF as Micheal claims.
        Mexico had about 12.5 million people in 1896 census,11million Indians & 1.5 white Europeans.Today the latest population figures are 120 million inhabitants,108 million are poor, illiterate Indians & Mestizos.
        The poor had been living a subsistence life when things were prosperous,….when they are subsistence in prosperous times there is no where to back up to in bad times.
        Beside which,south of Mexico the are even poorer then the Mexicans!
        What do you think will happen when they start to push against against Mexico’s southern border on their way north to the USA?

        • socalbeachdude

          So what? Nobody is going to be pushing against the US southern border which will soon have a GREAT WALL. Illegal alien immigration is already DOWN BY 40% and major deportations are on the way along with enforcement against any US employers hiring illegals which will result in major SELF-DEPORTATION.

  • socalbeachdude

    Thank you for describing YOURSELF.

  • socalbeachdude

    Donald Trump has NO INVOLVEMENT at all in any of his family businesses all of which have been placed in Trusts and which are run by his children. Obviously, real estate can never be placed in a “blind trust” which is typically used for stocks and other intangible assets.

    • Troll Patrol

      Hilary murdered and pillaged.
      Elect her.

      Trump dropped a paperclip on the floor.
      Crucify him.

      • socalbeachdude

        Indeed.

  • socalbeachdude

    Yep, that is exactly what is now happening and will intensify dramatically this year.

  • Troll Patrol

    Self-hatred runs deep.
    One drunk, honest moment,
    look at yourself.
    Caution: Have medics on hand.

  • socalbeachdude

    Absurdly false and very stupid assertions.

  • Realist

    Wow, no imagination.
    Can’t you come up with SOMETHING original?

    C’mon Carrie
    You can do it!
    Think, Carrie, think!!

  • Troll Patrol

    You don’t gotta love anyone, apparently.
    Cuz you don’t.

  • retired22

    Let California have the problem,….We have enough of it in Florida!

  • Troll Patrol

    A little bit of research will show you that eating your own f e c e s is not healthy.

    • SnodtBlossom

      Then stop doing it

  • socalbeachdude

    The only mirror around here is your own COKE MIRROR, dudette.

  • socalbeachdude

    Absolutely false. There is no rule whatsoever that any asset owned by a President of the US must be put in a blind trust at all. Where do you come up with such totally FALSE LIES and utter nonsense? YOU ARE THE LIAR.

  • Troll Patrol

    But you didn’t give up being a soda jerk.

  • Realist

    You have mastered the art of internal filth.

  • Troll Patrol

    My worst fantasy would be being stuck in a cell with you for all eternity.

    I guess that’s why they call it “Hell.”

  • Troll Patrol

    If all the Universe were finally in Perfect Harmony, Carrie would be the one who would come along and put it all back in chaos.

    Like father (s a t a n), like daughter.

  • socalbeachdude

    Absolutely false. Just more totally bogus LIES FROM YOU and nothing more.

    • HE WILL NOT DIVIDE US

      Dude im homeless and I live in S.M ….we are legion.

      • socalbeachdude

        Obviously you don’t and are not.

  • Troll Patrol

    Liar?? Not like your father the d e v i l.

  • socalbeachdude

    Totally false.

  • socalbeachdude

    Absolutely false.

    • awb22

      Reading through this thread, and all of the posts pointing out that CA has the highest homeless rate in the country, at it’s a huge problem in your county, I can’t tell if you’re being sarcastic, or seriously delusional.

      If you look out your window, and you don’t see a homeless person, that doesn’t mean they don’t exist. Do they exist?

      If you’re going to continue in your denial, what is your definition of homelessness?

      • socalbeachdude

        What exactly is YOUR definition of “homelessness” and you exactly do you tell if people in the street that you see are “homeless?” Please do tell.

        • awb22

          If someone is panhandling, that’s usually a pretty good indication, or if it looks like they haven’t ever had a bath, etc.

          You’re the only person on here who seems to think CA and your county don’t have a homeless population above zero.

          So, is it you, or everyone else who’s wrong?

  • socalbeachdude
  • socalbeachdude

    How both middle-class and wealthy American families are sliding inexorably into the red

    http://www.marketwatch.com/story/how-you-can-still-be-broke-with-500000-in-income-2017-03-27

  • socalbeachdude
  • socalbeachdude
  • Rick

    Who is all of this money on deposit credited to? If we divide your number by our total population, every man woman and child, that would mean the average deposit for each and every one of us should be around $42,000. So again, either your number is too large, or the money is just sitting there as residual of QE that has never been loaned out to individuals, and therefore is just a number. If most of that money you claim is there, yet it’s not in any individual’s account, that individual will not be upset if that $ is confiscated. So, again, I know I have nowhere near that amount in any given bank, neither do my wife or children. So who does?

    • socalbeachdude

      Huh? All of this $13.5 trillion in banks is CREDITED TO THE DEPOSITORS who put it in the banks. No money is going to be confiscated at all by anybody. $42,000 per person is a very small amount of money and obviously it is not “equally divided” across the 325,000,000 million residents of the USA. Most folks in Beverly Hills, CA have hundreds of thousands to many millions of dollars in their bank accounts and the same is true with all fine areas around the United States.

      The total M1 money supply in the US is only $3 trillion and only $1.3 trillion of that is printed currency. This is confirmed by the Federal Reserve H.3 report:

      http://www.federalreserve.gov/releases/h3/current/

      M2 which includes M1 plus savings balances is only around $13. None of the QE funds increased the money supply at all but only served to increase the MONETARY BASE with 100% of those funds remaining inside the Federal Reserve.

      That LITTLE BIT OF MONEY supports the largest economy in the world which is now an $18 trillion a year economy.

  • socalbeachdude

    WOODWARD: Obama officials may face jail for unmasking scheme…

    The Washington Post’s Bob Woodward warned on Wednesday that there are people from the Obama administration who could be facing criminal charges for unmasking the names of Trump transition team members from surveillance of foreign officials.

    House Intelligence Committee Chairman Rep. Devin Nunes, R-Calif., said earlier that he had briefed Trump on new information, unrelated to an investigation into Russian activities, that suggested that several members of Trump’s transition team and perhaps Trump himself had their identities “unmasked” after their communications were intercepted by U.S. intelligence officials.

    http://www.washingtonexaminer.com/woodward-obama-officials-possibly-facing-criminal-charges/article/2618185

  • socalbeachdude

    Revealed: Obama’s national security adviser asked for Trump’s associates’ names to be ‘UNMASKED’ from intelligence reports dozens of times – before they were leaked

    Former national security advisor Susan Rice asked dozens of times for the names of Donald Trump associates to be ‘unmasked’ in foreign surveillance reports. Over and over and over.

    http://www.dailymail.co.uk/news/article-4376288/Obama-s-national-security-advisor-ASKED-unmasking.html

  • socalbeachdude

    CarMax shares could drop 20 percent as charge-offs, risky loans rise: Barron’s

    Shares of CarMax Inc (KMX.N), the biggest U.S. used car dealer, are vulnerable to a 20 percent decline if investors are unnerved by falling used vehicle prices and weakening credit quality when it reports its results, Barron’s said on Sunday.

    CarMax’s captive auto finance unit contributes about 40 percent of the company’s operating income and could come under pressure as defaults and delinquencies rise, the report said.

    http://www.reuters.com/article/us-carmax-barrons-idUSKBN1740VL

  • SnodtBlossom

    Save your sympathies.. living in Sunny Florida is nice.

    • socalbeachdude

      Except for having to deal with everything that slithers, flies, hops, crawls, jumps, wiggles, and bites all over Florida!!!

  • socalbeachdude

    Matt Drudge: “Something Doesn’t Feel Right In D.C.”

    https://www.youtube.com/watch?v=1DcgKKtxz9w

  • socalbeachdude

    Another Democrat Rats On Obama…We’ve Been Spying On Trump Since 2015

    http://yournewswire.com/democrat-rats-on-obama-spying-trump-2015/

  • socalbeachdude

    Susan Rice Preparing To Take Fall For Illegal Obama Spying Program?

    http://dcwhispers.com/breaking-susan-rice-preparing-to-take-fall-for-illegal-obama-spy-program/

  • socalbeachdude

    Confirmed – Obama NSA Advisor Susan Rice Requested The Unmasking Of Incoming Donald Trump Officials

    http://www.thegatewaypundit.com/2017/04/report-obama-nsa-advisor-susan-rice-requested-unmasking-incoming-trump-officials/

  • socalbeachdude

    President Trump is methodically undoing Obama’s policies bit by bit – from abortion to climate change – but it hasn’t all been smooth sailing

    Amid the turmoil over staff shake-ups, blocked travel bans and the Russia cloud hanging overhead, President Donald Trump is steadily plugging away at a major piece of his agenda: Undoing Obama.

    http://www.dailymail.co.uk/news/article-4374912/Bit-bit-Trump-methodically-undoing-Obama-policies.html

  • socalbeachdude

    Senate set to go ‘nuclear’ on Trump’s Supreme Court pick: Dems have enough votes to filibuster as Neil Gorsuch is voted through committee

    Senate Democrats have amassed enough ‘no’ votes to filibuster Neil Gorsuch, which means Republicans will likely pursue the ‘nuclear option’ to get the judge through.

    http://www.dailymail.co.uk/news/article-4376444/Democrats-line-Senate-showdown-Gorsuch.html

  • socalbeachdude

    Trump praises ‘bombshell’ Fox News report on ‘unmasking the crooked scheme against us’ as fingers point to a ‘very senior’ Obama administration official

    President Donald Trump drew the world’s attention on Monday to ‘amazing reporting’ from Fox News that suggests the Obama administration snooped on him before last year’s election. ‘Such amazing reporting on unmasking and the crooked scheme against us by @foxandfriends,’ Trump tweeted,’ saying that he had been ‘[s]pied on before nomination.’

    http://www.dailymail.co.uk/news/article-4375512/Trump-praises-bombshell-report-unmasking.html

  • socalbeachdude

    Press 3 for electoral meddling! Russia makes April Fool’s jibe at claims it hijacked US presidential outcome with automated phone recording claiming it offers ‘electoral interference’

    The Russian Government has poked fun at claims it interfered with the US election days after Vladirmir Putin said the accusation was a ‘lie’.

    http://www.dailymail.co.uk/news/article-4371304/Russia-makes-jibe-claims-hijacked-election.html

    Spicer – ‘There’s A Clearer Connection To Russia With Hillary Than There is With Trump’

    http://www.thegatewaypundit.com/2017/03/sean-spicer-fire-theres-clearer-connection-russia-hillary-trump-video/

    Podesta Co Paid One Billion Rubles From Russian Government

    http://www.thegatewaypundit.com/2017/03/breaking-kremlin-connection-confirmed-podesta-paid-one-billion-rubles-russian-govt/

  • socalbeachdude

    Matt Drudge Breaks Silence In Support Of Trump: 4/2/17

    https://www.youtube.com/watch?v=ZkYTKsNJILo

  • socalbeachdude

    Susan Rice Unmasked Trump Transition Team, NY Times Sat On Story

    https://www.youtube.com/watch?v=eJZoaiiFU8g

  • socalbeachdude

    People all across America aren’t even beginning to grasp that they’re going to have to live on a whole lot less money in the future than they have now and that asset prices are going to go plunging downwards including on their homes, in stocks, in commodities, in bonds and that their taxes are going to have to go up substantially. That is the simple reality as to where we are at now in America.

    In the face of that the whole country is in denial, and stocks have again risen along with housing prices to stratospheric prices along with so-called “consumer confidence” while earnings at companies that underpins stock valuations continues to fall.

    The political climate continues to become more and more bizarre will all sorts of endless attacks against Donald Trump – even on Fox News and in high ferocity on outlets like CNN and MessNBC and in news print like the WaPoo and the New York Slimes. The weekly wrap up shows were beyond appalling tonight in their coverage of the Trump Presidency and show like Madsow on MessNBC are soaring in popularity with people wanting more and more than the US government even while it reaches new depths of insolvency. To say that people “just don’t get it” is an extreme understatement and Americans are headed for the rudest shocks of their lives as the whole mess starts coming undone.

    Medical expense insurance will become totally unavailable withe present ObamaScare catastrophe in many parts of the country and already the number of insurers willing to participate in offering any coverage has dropped to zero in certain markets and that will spread to all markets.

    The trade with China situation is now getting worse as the value of the renminbi (RMB / yuan) drops against the US dollar as the Chinese economy totally implodes and the US is running a $500 billion trade deficit overall and $350 billion of that is with China. It is likely that little – if anything – will move in the right direct after Donald Trump’s meeting with Chinese Premier Xi next week at Mar-a-Lago and we’ll just see much more endless bickering with China as well as a continuation of push back against Supreme Court Justice Gorsuch by Democrats along with more inane Russian fear-mongering and false accusations against the Russians by both Democrats and Republicans alike.

    • Spatial Memory

      The recent PROTRACTED ECONOMIC EXPANSION and RECORD HIGH ASSET APPRECIATION has tremendously BENEFITED many with properly diversified portfolios … while you’ve simultaneously posted tens of thousands of predictions of imminent Collapses and Crashes of nearly every asset class and ECONOMIES!!

      • socalbeachdude

        That entire ARTIFICIAL EXPANSION WAS ALL BASED ON MASSIVE UNPRECEDENTED DEBT and the whole expansion will come crashing down right along with a large amount of that massive unprecedented unrepayable debt.

  • seekless

    Just like when girls cheat on guys the common response is always not my gal,same with stocks,not my stock.

  • SnodtBlossom

    Same with Florida basically

  • Lodewijk Hof

    Interesting article. But I would say it’s best to prepare. Stock food, gold coins ( to have something to sell in low volume) and for the rest stock everything in a low tax jurisdiction. It’s a shame President Trump is unable (at the moment) to solve this problems.

    • socalbeachdude

      What “problems” are you referring to? Donald Trump is working on a number of problems and myriad of problems facing the USA and other countries is enormous. Solving one often results in CREATING ANOTHER PROBLEM as would be the case with reducing the federal debt by cutting government spending which would – obviously – significantly slow the US economy.

  • df NJ

    My real estate friend told me it’s a sellers market. All the inventory in the town I lives is sold out. He said my house has probably gone up a $100,000 in value over the last two years. Nice!

    • socalbeachdude

      That situation certainly won’t last for very long!

  • A Dodgy Bloke

    A couple of things are always missed when the economic collapse is talked about. The first is any economic collapse will be global, with all the knock on effects. Two if you look at the implosion of the former USSR the population of the USSR actually decreased. Nobody really knows how many died during the implosion of the former USSR. Just something to ponder.

  • steven454

    >> There is now well over a trillion dollars worth of student loan debt in this country; much of it owned by low income families.

    Sounds to me like this is income redistribution from the “easier to get forgiveness than permission” school of thought. Tweak the student loan programs to push the dollars out to low income students, knowing that they will likely never be able to repay, then deal with the problem later with very few repercussions.

    • socalbeachdude

      I think you mean OWED not “owned” when you are referring to student loan debt when you stated “much of it owned by low income families.” The OWNER of debt is the LENDER and OWER is the BORROWER.

  • socalbeachdude

    The Russian Hacking Story Is Unraveling (gosh)

    https://www.youtube.com/watch?v=q9cLw7ZfWaM

    The Surveillance State Behind RussiaGate

    http://www.unz.com/article/the-surveillance-state-behind-russia-gate/

  • socalbeachdude

    What utterly stupid nonsense from you.

  • socalbeachdude

    Please start dealing with the facts!

  • Dan Wingert

    Speculators will just continue to bid up stock prices.

    • socalbeachdude

      That will rapidly come to a total end as stocks crash.

  • Dan Wingert

    Remember the movie Grapes of Wrath.

  • stingray

    Tks for post

  • socalbeachdude

    Laughably True.

  • socalbeachdude

    Thank you, Carrie, for describing myself 100% accurately.

  • socalbeachdude

    Totally true.

  • socalbeachdude

    I sure do Carrie, especially when that hit of crack starts kicking in. Oooooooooooooooooo yeeeeeeeeeeahhh what a rush!!

  • socalbeachdude

    You convinced me.

    • awb22

      you’re lying as usual, beach bum.

  • socalbeachdude

    Good thing it’s not otherwise I’d be in solitary confinement. Laughably true.

  • Ramcamedd

    Bankruptcy?

  • democrats ARE racist IDIOTS

    you should fix your face, it is fugly

  • Bob332

    As I have ALWAYS said, when you get on that roller coaster ride, your going to PAY either in the beginning OR the end…but brother, you are going to pay!

  • democrats ARE racist IDIOTS

    LMAO, I am superior to you in every regard, except ugliness

  • democrats ARE racist IDIOTS

    God has spoken to me. I am cancelling my commentary forever.

  • William

    The Millennials are becoming the key economic force over the boomers. Don’t look back, look forward. Millennials are in the age group of rapid wage growth (22-32), while also delaying home purchases and household creation. They are less interested in cars and brick-and-mortar. Less brand loyalty. More sharing, less buying. They thrive on e-commerce and cocooning. The higher minimum wages, free tuition, and legalized drugs are all to appease Millenials.

    We will have a mild ‘boomer’ recession as that generation pushes into the 70’s, dropping their earnings, spending, and debt accumulation. But the Millennials are making permanent changes to the economy. Final thought, day-care demand will spike faster than elder-care demand.

  • democrats ARE racist IDIOTS

    liberal men are effeminate testicle lickers

  • democrats ARE racist IDIOTS

    kennedy killed a woman, he is one of yours

  • democrats ARE racist IDIOTS

    bill clinton raped women, he is one of yours

  • democrats ARE racist IDIOTS

    clearly, you are a whore, we all can see it. haven’t read your liberal pos commentary

  • democrats ARE racist IDIOTS

    kennedy killed a woman, you know it and dream of licking his testicles
    bill clinton raped women, you know it and dream of licking his testicles

  • democrats ARE racist IDIOTS

    liberals are ugly pieces of sh*T, like you

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