Posted thursday Oct 24 2013
One of our long standing predictions is that the markets and the US would endure a collapse similar to the January 1973-December 1974 meltdown. We are getting ever closer to the moment.
Here are the similarities.
We are once again in an 18 year period of stagnation, now as then, 1966-1984 versus 2000-2018.
The stock market has recovered to new highs, now as then.
The President has been re elected with a large majority but his popularity and trust are now falling just as rapidly.
Political polarization abounds.
Now scan today's WSJ. Front Page -
Democratic Unease Grows on Health Law.
Germany Alleges US Spied on Merkel
Plans for Politicdal Union Unravel in Europe
thousands of protesters in Tunisia - where the Arab uprising began
It gets worse...
Page A 15 - Obama's Credibility is Melting
Page a 17 -= A Lawyer Lost ina region of thugs, this author notes that the Saudis have distanced themselves from the President.
Approval on foreign policy and economy is about negative 13%
Page B1 CAT profit falls 44% - this reflects our prediction that the oil patch, mining, is expanding at the top, here in San Antonio the US larges CAT dealer has a huge expansion underway
My newspaper column to be published Sunday sums up the oil price condition, but for the time being we seem on track to have a 40 year, two generations removed, anniversary of the January 1973 stock market top. we are certainly witnessing a change to negative mood to support such a reversal.
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