Rich is a pretty sharp guy and what he’s saying is being said by other insightful people like Chris Puplava, Marc Faber and Jim Rogers. Of course, CNBC and other’s arent in agreement, yet.
Check out Mr Mortgage’s recent post!
We’re in a bull market for commodities that has 5 years left in it. Real estate just went through a historical bubble and is firmly entrenched in a deflationary cycle. Unemployment is rising while credit is constricting. These trends show no signs of stabilizing, let alone reversing.
In 1907 Wall Street went completely bankrupt. We survived.
