Socio-Economics History Blog

Socio-Economics & History Commentary

Mike Maloney: Insane Bond, Stock and Real Estate Markets. China, Russia & India Buying Gold

  • Mike Maloney: Insane Bond, Stock and Real Estate Markets. China, Russia & India Buying Gold 
    by Greg Hunter’s USAWatchdog.com (Early Sunday Release) 
    Financial expert Mike Maloney says what is going on in the economy is like a mass mental illness, especially when you consider the geopolitical risks and extreme valuations across the board. Maloney explains, “We have a stock market and real estate market and a bond market that are all insane.  We’ve got this crazy world where everything is at these valuations that are just impossible things.  That will cause a peak, and we are at a point where we are way overdue for a recession.  Recessions occur every four and a half years on average.  Just two months ago, this became the third longest expansion in U.S. history. . . . In 11 months, it becomes the second longest in history.  So, the chances of going into another recession sometime soon are very, very high.  The chances are on the order of 90% or higher right now for another recession.  When you couple this insane overvaluation of the stock markets, real estate is back in bubbles in most major cities . . . and this has been the perfect bull market for bonds, and at some time interest rates have to rise. . . . We are at the point now where we are going to hit big ruts and bumps in the economy, and the Fed has just taken the training wheels off of the bicycle. . . .This is the worst recovery in history.”


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May 1, 2017 - Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , ,

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