Yesterday I was reading stories about how the economy might not be doing quite as well as everybody first thought. Seems like foreclosure activity rose 9% in May. Then there was this story about only 1 in 10 long term unemployed being able to find work. These stories, combined with more bad news coming out of Europe, fooled me into thinking that the market might drop.
Lately the market has made little sense seeming to run on speculation, rumor and whatever insider BS is going on, so I wasn’t really all that surprised when I checked the stock market and found out that it had gone up over 100 points that day.
What bizarre other-worldly reason could be behind such a strange phenomenon? It’s because investors were excited about a rumor that central banks were getting ready for another round of quantitative easing.
Yep. The market rose because the idea of increasing federal debt made people – bankers in particular I’m sure – happy.
It looks like we’re another step closer to some kind of fiscal folly – I won’t say financial collapse, but it sure seems like things aren’t getting better the way the Main Stream Media would have you believe most of the time.
So here’s a discussion point: by now you all realize I’m figuring on some kind of economic collapse. How bad I can’t say, but I’m reasonably sure there’s going to be some bad news in the coming months or years having to do with a financial meltdown.
What’s your take? Am I crazy prepper? Or is there going to be some kind of crash?
You tell me.
Sound off below!