Faber, Rogers, Dent, Maloney, & Stockman What Do They Sa...

http://www.zerohedge.com/print/482629

Published on Zero Hedge (http://www.zerohedge.com)

Home > Faber, Rogers, Dent, Maloney, & Stockman What Do They Say Is Coming In 2014?

Faber, Rogers, Dent, Maloney, & Stockman What Do They Say Is Coming In 2014?
By Tyler Durden Created 12/13/2013 - 19:26

[1]

Submitted by Tyler Durden [1] on 12/13/2013 19:26 -0500 China [2] Demographics [3] Great Depression [4] Howard Marks [5] Japan [6] Rogers [7] Marc Faber [8] Meltdown [9] Real estate [10] Recession [11] Unemployment [12] Unemployment Benets [13] United Kingdom [14]
Tweet Like Share 125 0

Jim

Submitted by Michael Snyder of The Economic Collapse blog [15], Some of the most respected prognosticators in the nancial world are warning that what is coming in 2014 and beyond is going to shake America to the core. Many of the quotes that you are about to read are from individuals that actually predicted the subprime mortgage meltdown and the nancial crisis of 2008 ahead of time. So they have a track record of being right. Does that guarantee that they will be right about what is coming in 2014? Of course not. In fact, as you will see below, not all of them agree about exactly what is coming next. But without a doubt, all of their forecasts are quite ominous. The following are quotes from Harry Dent, Marc Faber, Gerald Celente, Mike Maloney, Jim Rogers and nine other respected economic experts about what they believe is coming in 2014 and beyond... -Harry Dent, author of The Great Depression Ahead [16]: "Our best long-term and intermediate cycles suggest another slowdown and stock crash accelerating between very early 2014 and early 2015, and possibly lasting well into 2015 or even 2016. The worst economic trends due to demographics will hit between 2014 and 2019. The U.S. economy is likely to suffer a minor or major crash by early 2015 and another between late 2017 and late 2019 or early 2020 at the latest." -Marc Faber, editor and publisher of the Gloom, Boom & Doom Report [17]: "You have to say that we are again in a massive nancial bubble in bonds, in equities, in [other] asset prices that have gone up dramatically."

1 of 5

12/15/13 9:50 PM

Faber, Rogers, Dent, Maloney, & Stockman What Do They Sa...

http://www.zerohedge.com/print/482629

-Gerald Celente [18]: "Any self-respecting adult that hears McConnell, Reid, Boehner, Ryan, one after another, and buys this baloney they deserve what they get. And as for the international scene the whole thing is collapsing. Thats our forecast. We are saying that by the second quarter of 2014, we expect the bottom to fall out or something to divert our attention as it falls out." -Mike Maloney, host of Hidden Secrets of Money [19]: "I think the crash of 2008 was just a speed bump on the way to the main event the consequences are gonna be horric the rest of the decade will bring us the greatest nancial calamity in history." -Jim Rogers [20]: "You saw what happened in 2008-2009, which was worse than the previous economic setback because the debt was so much higher. Well now the debt is staggeringly much higher, and so the next economic problem, whenever it happens and whatever causes it, is going to be worse than in the past, because we have these unbelievable levels of debt, and unbelievable levels of money printing all over the world. Be worried and get prepared. Now it [a collapse] may not happen until 2016 or something, I have no idea when its going to happen, but when it comes, be careful." -Lindsey Williams [21]: "There is going to be a global currency reset." -CLSA's Russell Napier [22]: "We are on the eve of a deationary shock which will likely reduce equity valuations from very high to very low levels." -Oaktree Capital's Howard Marks [23]: "Certainly risk tolerance has been increasing of late; high returns on risky assets have encouraged more of the same; and the markets are becoming more heated. The bottom line varies from sector to sector, but I have no doubt that markets are riskier than at any other time since the depths of the crisis in late 2008 (for credit) or early 2009 (for equities), and they are becoming more so." -Financial editor Jeff Berwick [24]: "If they allow interest rates to rise, it will effectively make the U.S. government bankrupt and insolvent, and it would make the U.S. government collapse. . . . They are preparing for a major societal collapse. It is obvious and it will happen, and it will be very scary and very dangerous." -Michael Pento, founder of Pento Portfolio Strategies [25]: "Disappointingly, it is much more probable that the government has brought us out of the Great Recession, only to set us up for the Greater Depression, which lies just on the other side of interest rate normalization." -Boston University Economics Professor Laurence Kotlikoff [26]: "Eventually somebody recognizes this and starts dumping the bonds, and interest rates go up, and ination takes off, and were off to the races." -Mexican Billionaire Hugo Salinas Price [27]: "I think we are going to see a series of bankruptcies. I think the rise in interest rates is the fatal sign which is going to ignite a derivatives crisis. This is going to bring down the derivatives system (and the nancial system). There are (over) one quadrillion dollars of derivatives and most of them are related to interest rates. The spiking of interest rates in the United States may set that off. What is going to happen in the world is eventually we are going to come to a moment where there is going to be massive bankruptcies around the globe."
2 of 5 12/15/13 9:50 PM

Faber, Rogers, Dent, Maloney, & Stockman What Do They Sa...

http://www.zerohedge.com/print/482629

-Robert Shiller, one of the winners of the 2013 Nobel prize for economics [28]: "I'm not sounding the alarm yet. But in many countries the stock price levels are high, and in many real estate markets prices have risen sharply...that could end badly." -David Stockman, former [29]Director of the Ofce of Management and Budget under President Ronald Reagan [29]: "We have a massive bubble everywhere, from Japan, to China, Europe, to the UK. As a result of this, I think world nancial markets are extremely dangerous, unstable, and subject to serious trouble and dislocation in the future." And certainly there are already signs that the U.S. economy is slowing down as we head into the nal weeks of 2013. For example, on Thursday we learned that the number of initial claims for unemployment benets increased by 68,000 last week to a disturbingly high total of 368,000 [30]. That was the largest increase that we have seen in more than a year. In addition, as I wrote about the other day [31], rail trafc is way down right now. In fact, for the week ending November 30th, U.S. rail trafc was down 16.3 percent [32] from the same week one year earlier. That is a very important indicator that economic activity is getting slower. And we continue to get more evidence that the middle class is being steadily eroded [33] and that poverty in America is rapidly growing. For example, a survey that was just released [34] found that requests for food assistance and the level of homelessness have both risen signicantly in major U.S. cities over the past year...

A survey of 25 American cities, including many of the nation's largest, showed yearly increases in food aid and homelessness.

The cities, located throughout 18 states, saw requests for emergency food aid rise by an average of seven percent compared with the previous period a year earlier, according to the US Conference of Mayors study, published Wednesday.

All but four cities reported an increase in demand for assistance between the period of September 2012 through August 2013.

Unfortunately, if the economic experts quoted above are correct, this is just the beginning of our problems. The next wave of the economic collapse is rapidly approaching, and things are going to get much worse than this.

3 of 5

12/15/13 9:50 PM

Faber, Rogers, Dent, Maloney, & Stockman What Do They Sa...

http://www.zerohedge.com/print/482629

- advertisements -

This company is about to destroy Bank of America - Find out the 1 small company that is poised to end the banking model as we know it
Articles and Offers from Around the Web
ADVERTISEMENT

This Olympian is hot enough melt gold, silver and bronze all at once.

These starlets took Kim Kardashian on the plunge & took it Instagram. What a off for the cameras. combination. Here are her hottest shots.

Former Baltimore cheerleader Stacy Keibler has turned many male fans into Raven maniacs.

California Will this stock explode? Can you turn $1,000 into $100,000?

- advertisements -

Peter Schiff & Marc Faber

outsiderclub.com/Marc_Faber They Know What's About To Happen & You Need To Listen. Free Report

2014 Silver Forecast Gain Dual Citizenship Belize Girls Dating Remove iPhoto Duplicates Buying the Dip in Silver? Will Gold Rebound in 2014
China Demographics Great Depression Howard Marks Japan Jim Rogers Marc Faber Meltdown Real estate Recession Unemployment Unemployment Benets United Kingdom
Source URL: http://www.zerohedge.com/news/2013-12-13/faber-rogers-dent-maloney-stockman-%E2%80 %93-what-do-they-say-coming-2014 Links: [1] http://www.zerohedge.com/users/tyler-durden [2] http://www.zerohedge.com/taxonomy_vtn/term/139 [3] http://www.zerohedge.com/taxonomy_vtn/term/10670 [4] http://www.zerohedge.com/taxonomy_vtn/term/9586 [5] http://www.zerohedge.com/taxonomy_vtn/term/8366 [6] http://www.zerohedge.com/taxonomy_vtn/term/8436 [7] http://www.zerohedge.com/taxonomy_vtn/term/10222 [8] http://www.zerohedge.com/taxonomy_vtn/term/11053 [9] http://www.zerohedge.com/taxonomy_vtn/term/10338

4 of 5

12/15/13 9:50 PM

Faber, Rogers, Dent, Maloney, & Stockman What Do They Sa...

http://www.zerohedge.com/print/482629

[10] http://www.zerohedge.com/taxonomy_vtn/term/12115 [11] http://www.zerohedge.com/taxonomy_vtn/term/10912 [12] http://www.zerohedge.com/taxonomy_vtn/term/10938 [13] http://www.zerohedge.com/taxonomy_vtn/term/161 [14] http://www.zerohedge.com/taxonomy_vtn/term/9384 [15] http://theeconomiccollapseblog.com/archives/dent-faber-celente-maloney-rogers-what-do-they-sayis-coming-in-2014 [16] http://www.businessinsider.com/harry-dent-demographic-cliff-2013-12 [17] http://www.moneynews.com/StreetTalk/Faber-gigantic-speculative-bubble/2013/12/01/id/539344 [18] http://www.shtfplan.com/headline-news/celente-warns-the-collapse-of-2014-if-you-dont-have-your-moneyin-your-pocket-its-not-yours_10222013 [19] http://www.shtfplan.com/headline-news/horric-consequences-people-dont-understand-the-scale-of-theemergency-thats-going-on-right-now_12052013 [20] http://bullmarketthinking.com/jim-rogers-u-s-stock-market-dominated-by-kids-with-very-little-experienceand-just-enough-brains-to-be-dangerous/ [21] http://www.youtube.com/watch?v=xz-Mlomuwes [22] http://www.zerohedge.com/news/2013-11-30/russell-napier-we-are-eve-deationary-shock [23] http://www.zerohedge.com/news/2013-11-27/howard-marks-markets-are-riskier-any-time-depths-20089crisis [24] http://usawatchdog.com/were-in-the-very-end-stages-of-this-system-jeff-berwick/ [25] http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/11 /22_Money_Supply_Skyrocketing_As_China_Abandons_US_Dollar.html [26] http://usawatchdog.com/america-in-worse-scal-shape-than-detroit-professor-laurence-kotlikoff/ [27] http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/8 /2_Billionaire_Hugo_Salinas_Price_-_Elites_Plan_to_Control_the_World.html [28] http://www.cnbc.com/id/101237862 [29] http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/11/17_Stockman__Worldwide_Turmoil_To_Be_Far_Worse_Than_1981.html [30] http://www.usatoday.com/story/money/business/2013/12/12/jobless-claims/3996263/ [31] http://theeconomiccollapseblog.com/archives/how-far-will-stocks-fall-this-time-when-the-fed-decides-to-slowdown-quantitative-easing [32] https://www.aar.org/newsandevents/Freight-Rail-Trafc/Documents/2013-12-05-railtrafc.pdf [33] http://theeconomiccollapseblog.com/archives/37-reasons-why-the-economic-recovery-of-2013-is-a-giant-lie [34] http://news.yahoo.com/homelessness-demand-food-increase-us-city-survey-022053831.html

5 of 5

12/15/13 9:50 PM