Chart of the Large-cap US Technology Companies. Why is it up 36% in the last two months?
Christian DeHaemer is the founder of Bull and Bust Report and an editor at Energy and Capital. Christian says he has no idea. As he explains, rational thoughts no longer apply. There was a time when creating money out of thin air was bad, much less creating $6 trillion or 25% of GDP.
There was a time when 30 million unemployed was bad. One might think a new cold war with your largest trading partner, China, might be bad for stocks. Not to mention, a hundred thousand new dead bodies packing the morgues. But no, it appears that these things are good for stocks. Our thinking has been all wrong. It seems we need more broken stuff and more money printing. Forgive all the student debt. Bailout the universities. Give $2,000 a month to all the folks. A trillion for the airlines –– billions for Ford, Hudson, and Studebaker –– more for Carnival Cruise Lines and Blackrock. Bailout Chicago, Detroit, and West Cucamonga. Heck, all those municipal employees are good hard-working people. People like money and the Fed can just print it! Let’s give the people what they want. It will be fine…
Christian is right rational thought no longer applies and commonsense tells you the outcome can’t be good. More government control is certain and no longer is the prophesied end times, “Mark of the Beast” fanciful.
Well, Vern Gowdie of Port Phillip Publishing thinks so. Port Philip Publishing was established in 2005 as the Australian outpost of US publisher, Agora Inc. Agora was founded over 25 years ago by best-selling author and entrepreneur Bill Bonner, and is one of the world’s most successful publishers of financial, health and travel newsletters.
Vern’s book THE END of AUSTRALIA is currently available FREE from Port Philip Publishing to subscribers of one of their Financial Services.
Vern firmly believes Australia is headed for the greatest collapse since The Great Depression.
Remarkably the exact week that THE END OF AUSTRALIA was released the great market reversal predicted in the book began. And it has continued just as Vern predicted with the selling led by the banks.
Not even the new Prime Minister could stop the fall. The ASX 200 index closed another 78 points, or 1.5% down. The average Australian share portfolio is now 16% lower than it was just five months ago.
Vern says that is just the beginning. “Far, far greater losses are to follow for investors who fail to take evasive action now.” He says, it won’t happen in a straight line as the Central Banks will do their utmost to stop it. The financial industry will deny it to the end. American stocks are rallying as I write this post and Australian stocks may follow tomorrow but the crash is inevitable says Vern and I agree with him.
As Christians we understand that almost everything is being shaken and at risk – the economic, environmental and social fabric of society is deteriorating. God has called us to be part of the solution for this time! We need to be like the men of Issachar who understood the times and seek God’s YES for our personal and working life.