And the push to $3 begins, page-83

I agree, very hard to predict. As I said, smarter people than me have predicted a different outcome.

The government debt is what all of this is hanging on really. One one hand, they raise the debt ceiling and take on more debt to fuel infrastructure spending. Could prolong a recession (contraction in GDP) but is it healthy to have that extra debt? China seem to be doing fine with their debt problem. Is it just prolonging the inevitable though?

On the other hand, the debt ceiling doesn't get raised. No infrastructure spending and tax cuts start to seem like a bad idea because where does the government make up that lost revenue?


Which ever way you look at it, it's a mess. I love the debate and I will stand by recession coming soon.

Funny to note that we both agree on bull market ending around the same time frame we just get there different ways.