Was there really a recovery, or was the 2008 crash simply kicked down the road?

Citi sees the world economy as being in a “Death Spiral.” The financial giant tells investors of a coming significant and synchronized’ global recession and a proper modern-day equity bear market. This could lead to “further weakness in oil prices, recession and a serious equity bear market”,their strategists have warned.

This is backed up by years of warnings by prestigious financial analysis by Vistage business group, the Beaulieu brothers recommend that business owners complete sales of their firms within the next 2 years.

In California, “A lot of sellers proactively putting their home on the market, trying to preserve whatever equity they have, even though they still have a job they think maybe at the end of the year they won’t” according to insiders.

Billionaire Jeff Greene has warned that the day will soon come when the human workforce is replaced by robots. ‘We have to figure out how to reinvent the economy.’ “Workers could be ‘put out to pasture’ – in the same way horses were when they were replaced by cars and tractors – because of the exponential growth of artificial intelligence

“Economists have raised their odds for recession, as the ever-dependable locomotive for the U.S. economy has encountered a hill that slowed it sharply.”

 

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~ by Dave on February 5, 2016.

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