I predicted last year that China would have a major reversal on its stock market in 2016 . . . we are only a week in and this is already happening
I said all good things about the economy and growth from late 2011 until pretty much today, with a few stinkers every once in a while
however, every year the economy did pretty much what I said it would do and housing prices kept going back up and more and more people kept getting jobs (not for the same wages, of course, as that was the "plan" when the economy fell in the first place)
but that is about to change, I fear
the big news is that China is (in my opinion) about to be hit with a major shit storm and the irony is that an emerging market barely 15 years old has grown so fast that its sudden "growing pains"
will be ouchier than the ouches of many longer-term major players
but I believe that is just what is going to happen
the econmy won't "crash" but it will be a yo-yo up/down/all around kind of thrill ride
bringing back memories of 2008 once again
hang tight -- things are going whackadoodle again
and it is time tor me (I think) to start paying attention again, too
I said all good things about the economy and growth from late 2011 until pretty much today, with a few stinkers every once in a while
however, every year the economy did pretty much what I said it would do and housing prices kept going back up and more and more people kept getting jobs (not for the same wages, of course, as that was the "plan" when the economy fell in the first place)
but that is about to change, I fear
the big news is that China is (in my opinion) about to be hit with a major shit storm and the irony is that an emerging market barely 15 years old has grown so fast that its sudden "growing pains"
will be ouchier than the ouches of many longer-term major players
but I believe that is just what is going to happen
the econmy won't "crash" but it will be a yo-yo up/down/all around kind of thrill ride
bringing back memories of 2008 once again
hang tight -- things are going whackadoodle again
and it is time tor me (I think) to start paying attention again, too
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