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  1. Piston Broke

    Recap on The Great Depression Ahead

    That's why these type of people are generally not very good with economics/money/finance, and tend to write reports and do studies with a pre-determined outcome. It's curve-fit, biased or rigged. Whichever suits you. That's why you can't see where the BB money went, and I have a good idea of...
  2. Piston Broke

    Recap on The Great Depression Ahead

    It did happen, but that's the past and not how I see the future. That all the "experts" dont agree is not an issue for me. And IMO most of what is published is a sales pitch to the boomers by "economic hitmen" and wishful thinking, hangers on and bandwagon followers. Soros calls it "reflexivity"...
  3. Piston Broke

    Recap on The Great Depression Ahead

    I dont believe that either, younger GenY & GenZ spend, and have spent on them, more imo. But who am I to contradict someone who writes book and does highly paid seminars on and correcting his own wrong forecasts. Lookup his book "The great boom ahead" 1993, page 15 headline "The Bottom Line" And...
  4. Piston Broke

    Recap on The Great Depression Ahead

    There are many on here that quote population increase as a sure sign of boom even citing it's the reason our RE markets & economy will stay in a boom. So here's a us population growth chart showing how erroneous this thinking is. And based on the 2006 census the US economy should be fine...
  5. Piston Broke

    Recap on The Great Depression Ahead

    It's pretty much proven that most of his predictions have been wrong. Sure the age groups will have an influence on economies, but he's curve fitting.
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