Hi all,
I would like your thoughts on this.
At the Peter Spann Investor update last night , Peter gave his thoughts on the next 10 years.
He started by saying we are about 60% through the share market boom, and this will continue on to late 2009/2010. The Dow Jones will hit 30,000 by the end of the decade , Asia will continue to be very strong but volatile.
After the next 3 years of great growth, the world will enter a recession - possibly depression after a series of problems and finally "an unknown trigger" will cause a world wide collapse.
Unemployment will be high, and interest rates will go over 11%. Inflation will spiral upwards. This large recession will go from 2011 to 2013, and the world will recover from 2013/2014 and a new cycle will begin.
Peter says to have as much cash and gold bullion as possible, property prices will crash during this recession and those with cash reserves / gold bullion will be able to get real bargains.
What do you all think?
Alarmist - or likely event - and why?
I would like your thoughts on this.
At the Peter Spann Investor update last night , Peter gave his thoughts on the next 10 years.
He started by saying we are about 60% through the share market boom, and this will continue on to late 2009/2010. The Dow Jones will hit 30,000 by the end of the decade , Asia will continue to be very strong but volatile.
After the next 3 years of great growth, the world will enter a recession - possibly depression after a series of problems and finally "an unknown trigger" will cause a world wide collapse.
Unemployment will be high, and interest rates will go over 11%. Inflation will spiral upwards. This large recession will go from 2011 to 2013, and the world will recover from 2013/2014 and a new cycle will begin.
Peter says to have as much cash and gold bullion as possible, property prices will crash during this recession and those with cash reserves / gold bullion will be able to get real bargains.
What do you all think?
Alarmist - or likely event - and why?