Gerald Celente, a popular gloom and doom blogger and publisher of the TR Journal finally gives a date for the always coming economic collapse that I must have been hearing about for 5 years now.
“Your predicting an economic collapse, when do you think that is going to happen Gerald?”
“I am going to say by the end of the second quarter.” – Gerald Celente
Apparently the straw that broke the camels back was the bad U.S. GDP data for Q1 of just 0.1%, currency devaluation and Fed QE. Though off course the GDP numbers for Q1 were bad, this was more or less EXPECTED, apparently all it takes is a few days of sunshine for everyone to have forgotten snowmageddon for much of Q1.
Couple of thoughts – it’s always facile to blame the weather for a lousy economy, but you know what? Winter happens every year.
OTOH, Celente has predicted 12 of the last one collapses.
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