Episode 62 • • 1:28:29 - 1:32:45
62: The Greatest Depression
The Greatest Depression, Economic Cycles, Market Predictions
A prediction is made for a "false boom" followed by "The Greatest Depression." The scenario involves a rapid stock market run-up to 25,000 on the Dow Jones, followed by a catastrophic crash in late 2009. Historical cycles from 1929 and 1893 are used to suggest that the absolute bottom of the current economic crisis will occur in 2013.