Quote:
Originally Posted by bchris02
2013 is going to be the year the crap hits the fan for the US economy. Everybody's worst case fears from 2009 will come true in 2013. This is going to be one tough year for America and will be the beginning of the complete collapse of the US economy. Here are a few things I predict just this year.
-We go over the fiscal cliff: Dow 9000 at least by February.
-A new farm bill is not passed - food prices more than double in January
-In Q2 and Q3 we will average between 700,000 and 1,100,000 job losses per month
-Dow 4000 by September
-Oil spike initially as people pull their money out of stocks and into commodities, but a spectacular crash during the second half of the year taking oil down to $50/bbl
-Unemployment above 20% by year end (with real unemployment over 30%)
-Riots and civil unrest in many cities across the country
-Most chain big box and grocery stores will disappear. High end luxury retailers will also go bankrupt. Most malls will become ghost malls. Wal-Mart will be the last man standing
Get ready for the worst year for the US economy since 1930.
2013 will however be a better year than 2014 and 2015 in which near all out civil war will break loose as American society completely collapses around us.
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In light of the current stock market levels and $3 gasoline, I couldn't help but reminisce.
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