The Economic Collapse Blog
Is
the stock market going to crash by the end of this year? Are we on the
verge of major financial chaos on a global scale? Well, this is the
time of the year when investors start getting nervous. We all remember
what happened during the fall of 1929, the fall of 1987 and the fall of
2008. However, it is important to keep in mind that we do not see a
stock market crash in the fall of every year. Some years the stock
market cruises through the months of September, October, November and
December without any problems whatsoever. But this year conditions
certainly seem to be right for a "perfect storm" to develop. Technical
indicators are screaming that a stock market decline is imminent and
sources in the financial industry all over the world are warning that a
massive crisis is on the way. In fact, the Telegraph ran a story with
the following shocking headline the other day: "Market crash 'could hit within weeks', warn bankers".
What you are about to read should alarm you. But it is not a guarantee
that anything will or will not happen. When Ben Bernanke gives his
speech at the Jackson Hole summit on Friday he could announce to the
rest of the world that the Federal Reserve has decided to launch QE3 and
that the Fed will be printing up trillions of new dollars. If that
happened global financial markets would leap for joy. So it is always a
dangerous thing when anyone out there tries to tell you that they can
"guarantee" what is about to happen in the financial world. There are
just so many moving parts. But if we do not see major intervention by
the governments of the world or by global central banks a major
financial crisis could rapidly develop this fall. The conditions are
certainly right for a stock market collapse, and we could easily see a
repeat of what happened back in 2008. (R