The Case for A Global Meltdown
In his latest free update, Jim Sloman makes his case that we are in a depression, with real unemployment at 22% and the effect of massive global stimulus weakening in an classic example of the law of diminishing returns.
Our only hope
Using graphic examples of foreign stock markets, the picture he paints is in a word:
The chart of an addict who keeps taking a drug only to find it provides less and less effect. Meanwhile the body (economies) keeps deteriorating. The ultimate resolution is economic chaos.
Timing? Other then a compelling case that we are running out of time, the case is made that some out-of-the-blue geopolitical event, or unexpected financial crisis, will trigger a downward cascade of global financial markets.
I have no guess, but I do have a certainty:
That my Trend Following Models
will catch every major move
in any direction
in any market
in any ETF
or in any stock.