Economic Forecast

Gerald Celente, founder of the Trends Research Institute and predicted the 2008 crisis, shared his thoughts:










In The United States 72% of our GDP is consumer based , it's unsustainable and it's insane , you cannot consume 72% more than you produce , what we are going to see is a rush of bankruptcies and more and more vacancies both in the retail sector and in the business sector , so all these office buildings that were built at the big boom from about 2001 to 2007 they're going to remain vacant " said Gerald Celente "United States of America is over stored , the commercial real estate sector is going to collapse " now they are bailing out the commercial real estate , and hence creating another bubble that we call the bailout bubble , first we had the dot com bubble instead of letting it burst they created another bubble the Real Estate bubble by lowering interests rates to 46 years lows , now the real estate bubble burst , rather than letting that burst now they are creating the bailout bubble they have 13 trillion dollars worth of tax payers money to bailout everybody.

Wall Street

The federal reserve is behind the reasons that created the crisis in the first place . The Federal Reserve is a private company and is not more federal than the Federal Express , these are the people who created the problems . The FED by lowering interest rates created the problem and now they are creating the bailout bubble which is even bigger than the Dot Com bubble the real estate bubble , they continue printing phantom money out of thin air backed by nothing and producing nothing...it is not about being optimistic or pessimistic it is about being realistic ...


Harry S. Dent Jr, is the Founder of HS Dent Investment Management,
is predicting the world economy will face a crisis in the next two years even bigger than the current downturn.
"We're in the middle of a bear market rally," Dent told the Australian Broadcasting Corporation. He said share markets were likely to continue to gain in the next few months but would fall again towards the end of the year as the global banking system suffered another meltdown, bottoming out in 2011.