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Business/Finance See other Business/Finance Articles Title: Is an economic depression likely now? Is an economic depression likely now? By Mike Burnick, Weiss Research Larry Edelson — the Weiss Research Senior Analyst who accurately predicted the stock market crashes of 1987, 2000, and 2008 as well as the more recent rise and fall of gold — now says that a great global depression is now likely. Edelson, who relies primarily on the study of economic cycles, says the first depression since the 1930s could begin in Europe, before spreading spread to Japan and the United States. RELATED: Best investments as European economy declines “Everything in nature moves in regular, rhythmic, predictable cycles,” says Edelson. “From the rising and setting of the sun and the phases of the moon … and from the rotation of the Earth and changing seasons to your own respiration and heartbeat. Edelson maintains that economies, currencies and investment markets are no exception to this rule. And what Edelson sees in these cycles is disturbing to say the least: “Right now, these cycles are saying that the era in which governments could amass unpayable debts with impunity is coming to an end. And the cycle in which mankind pays the price for those debts will soon begin.” In “CONVERGENCE” — his newly published report, Edelson points out that the time-honored Kondratieff wave is now signaling an ever-weaker economy, soaring unemployment, skyrocketing interest rates, massive defaults on public and private debt and more. Edelson then presents four additional economic cycles that are also entering their most dangerous phases. MUST-READ: Startling 2020 Forecasts for 2016-2020 “All of these cycles,” says Edelson, “converged in October of this year to form the first “supercycle” economists have seen since 1929.” Edelson presents his evidence, in “CONVERGENCE” — his new report on the subject (available by clicking here). In addition, Mr. Edelson includes details on his forecasts for 2016, the steps he recommends you take to protect your investments and retirement, the four major opportunities investors will have to build considerable wealth as this supercycle courses through the global economy and 17 supercycle investments investors should be considering now. “CONVERGENCE” is free and available on the Weiss Research website. Simply enter your email below to instantly access this eye-opening report. Poster Comment: Strap on your seat belt, it maybe a rough ride. Post Comment Private Reply Ignore Thread
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