GREY:CRIUF - Post by User
Comment by
dryhumperon Sep 28, 2015 12:49pm
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Post# 24141351
RE:RE:RE:New resistance wall here???
RE:RE:RE:New resistance wall here??? With the amount of instability globally I would not rule out a market crash but I am certainly not suggesting that we are in imminent danger of one.
deisman03 wrote:
IMHO there isn't a lot of likelihood of a market crash. The world is still in a technical recession beginning in 2008. In some ways the relief provided by governments to fix their banking issues has not been a great help but rather more of a hindrance to real recovery. Japan is a good example of this. China may be next unless she can successfully complete her transition to an internally driven economy instead of raping the west much longer. She has to do something. Starvation is still rampant there in some provinces. Because of several factors oil/gas/distillates are now a glut on the economy. This should have created one of the largest economic and industrial booms in the west we have seen in 40 years. This isn't happening. More than half of the world continues to exist on $2 per day. Way to many to allow for more growth. We live in interesting times. Western Europe and North America have again become holy grails for the poverty stricken and the oppressed. Will this mean an unwinnable world war??? Time will tell all. Our world leaders are egotistical and incompetent at best. Will they manage to muddle through or destroy it all to satisfy their illusions of grandeur???