Hon. Dr. Ron Paul Says Stock Market Crash Conceivable

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Hon. Dr. Ron Paul Says Stock Market Crash Conceivable

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All this summer, all this year really, the stock market has been riding high. Record after record with no end in sight, right? Well, some don’t see it that way.

 

There’s the old saying that what goes up must come down. It’s no different with the economy. Many economists and investors have begun to sound the alarms over the past month or two. One of them was former Texas Congressman Dr. Ron Paul. Earlier he forecast a downturn featuring a 25% fall in stock values.

 

Now, he’s revising that a little – and it’s not good. Stephanie Landman and CNBC report on his new prediction of a potential 50% slide on Wall Street. Buckle up as it may be a rocky fall and winter.

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“A 50 percent pullback is conceivable,” Paul said on “Futures Now” recently. “I don’t believe it’s ten years off. I don’t even believe it’s a year off. “

 

Such a collapse would erase a decade worth of gains. The roaring 22,000ish DOW could be cut in half. This would represent the loss of Trillions of dollars and the beginning of a major recession or worse.

 

Part of the reasoning behind his dire warning lies in the insanity on the Potomac. Washington and the whole country are awash in uncertainty. It is no secret that President Trump is battling his own party in addition to the loyal opposition, seemingly over everything.

 

When or if a crash comes, the fault will not be Trump’s. Says Paul: “It’s all man-made. It’s not the fault of Donald Trump in the last week. If the market crashes tomorrow and we have a great depression, he didn’t do it in six months. It took more like six or ten years to cause all these problems that we’re facing.”

 

And the problems aren’t even all political. There’s been massive overestimation concerning stocks – values, returns, etc. Much of the new hype is really over a small group of tech stocks that, honestly, don’t live up to the hysteria – some can’t even explain how they make any money or really why they’re in business. That’s just not good for business.

 

Then, says Paul (and others), there’s the policies of the Federal Reserve. In a continuing effort to battle the effects of the last recession (remember that?) the Fed has, among many other things, kept interest rates too low for too long.

 

All of this has created an untenable situation. “I see the foundation of our system built on sand, and a big wind comes along to blow it down.” – Dr. Paul.

 

This sounds pretty bad and it may be. But, like a natural disaster, things like this come along from time to time. Any economy and every economic system is governed by loose “laws.” One is that for every expansion, there comes a necessary correction. It may be our time. Now.

 

So it is that, whenever the inevitable happens, it pays to be prepared in some way. For many this just means keeping up the daily goals and being able to ride things out a little better. Others, the “lucky,” may actually be able to profit from the coming bear market. Those profiteers will provide the capital for the next recovery.

 

Wherever you stand in that mix just know things can and do change. Knowledge is power. Heed the warnings of those in the know. If they’re right, you’ll be better off. If they’re wrong, they won’t be for long.

 

Perrin​​ ​​Lovett​​​ ​​​writes​​ ​​about​​ ​​freedom,​​ ​​firearms,​​ ​​and​​ ​​cigars​​ ​​(and​​ ​​everything​​ ​​else)​​ ​​at www.perrinlovett.me​​.​​ ​​He​​ ​​is​​ ​​none​​ ​​too​​ ​​fond​​ ​​of​​ ​​government​​ ​​meddling.

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