STORM WARNING - Andrew Strom - COMMENTS?
Posted by: prophetic <prophetic@...>
by Andrew Strom
TIME to GET OUT OF DEBT
In 2006 and 2007 I became very concerned about the US and
world economy, and published several strong warnings before
the crisis hit in 2008. I also came to feel that there would be a
"double dip" in this crisis. Interestingly, major economies such
as the Eurozone, Japan, the UK and even China did experience
this "second wave" down. But the USA managed to keep it's
head above water by spending trillions on QE programs, etc.
Commodity economies such as Australia, New Zealand and
Canada also did OK - mainly by selling into the Chinese housing
bubble. But that is all coming to an end now.
I have an uneasy feeling about the next couple of years - that
some of the "artificial" supports that have been used to prop
things up around the world may start to unravel. And when it
begins, things can get serious rather quickly.
My main recommendation is very simple. GET OUT OF DEBT.
And STAY out of debt. Don't allow yourself to be over-exposed
in such a time.
I would be very interested to hear if there are others who have
been sensing a similar thing about these next couple of years.
PLEASE COMMENT on this topic at the following website-
God bless you all, my friends,
Andrew Strom