Zeev's Turnips Patch-No Politics (ZEEV)

[deuce bigalow]

2)Once credit expansion starts to contract to the working class in the USA, IMHO, the global economy will collapse.<<<

First of all the working class doesn't control the destiny of the US economy - they are at it's whim,

it's the big money players, the corporations.

economic collapse is a bear dream, one that hasn't been a reality since 1932, it's not something to wish for, dream for, or bet on, because it's a bad bet, low probability.

we've had a bear market and a washout, we are in a mark-up phase right now, we could top at any time and return to a bear market psychology, but at this point sellers are weaker than buyers, until that changes.

and people that are bearish and pessimists look like fools and idiots, quite the opposite of the last three years.