As soon as this happens, it’s 'over' for stocks: Stockman

As many here can attest, visiting web sites so often offers the viewer to check out sites that scream doom porn on the economy, encouraging the buying of gold and silver.

On many of the sites I have recently viewed today, I saw something a bit different. I was seeing the same type of message on so many sites I had to check it out. So the link I am sharing seems valid, the info clear and logical. And it was published today as far as I can tell.

Stockman said a decline in earnings growth, global headwinds, mismanagement by the European Central Bank and lack of leadership from the Fed have led to a market resting on thin ice.

"As soon as the markets realize that the Fed and the ECB are out of ammunition, it's over," Stockman said. "I think we're in an extremely unsafe world — we've never been here before."

The proof of that uncertainty can be found in Asia, he said. Japan, China and South Korea all saw exports drop by double digits in the first two months of a years.

"The world economy is drifting into recession and we are not decoupled," said Stockman. "We are not exempt."

The S&P 500 has staged a massive 13 percent comeback since February's low but Stockman said broad swings are nothing but the beginning of a long and burdensome bear market.

www.cnbc.com...

I haven't been able to accumulate gold and silver but I have a helluvalottabeansNrice! Is this just more doom porn or are all the predictions and warnings about to come to a head? I didn't get an impression on when this SHTF will begin but I would like to hear more from ATS members. Thanks.

Here's some advice from a guy who's already got enough gold and silver:

Gold and silver are only gonna get you somewhere After the zombie hordes have been reduced and people start trusting one another.

Best precious metal to invest in begins with lead and ends in bullets. LOL

a reply to: StoutBroux

We've been on thin ice for years.

I am convinced that the global economy is like a man hanging on to the wreckage of a ship in the middle of the sea during a massive storm. Nobody is coming to save him and he is going to die. It may be drowning, it may be hunger, it may be exposure, it may be fatigue, but he will die. The only thing keeping him alive is fear and a completely groundless hope that something might turn up.

The only thing keeping the global economy afloat is that everyone fears what will happen once anyone acknowledges the state of it and it becomes impossible to pretend away. But eventually it's gonna die.

[vid]mzJmTCYmo9g[/vid]

On mobile- can't embed. Watch this.

a reply to: StoutBroux

The fact they are referring to the Fed rubbing out of ammunition leads me to believe it's the same typical economic doom porn from people who just don't get it which we've been hearing for years.

The Fed is trying to decide when to raise interest rates, not even thinking about lowering them anytime soon. Considering the relative strength of the USD, the concern is with not waiting too long to raise interest rates to avoid (too much) inflation when the oceans of cash the world is awash in finally start trickling into the wider economy.

I just don't foresee a serious downturn in the US, or a prolonged downturn in the world economy anytime soon. A "bumpy" 5 years maybe, followed by a period of strong growth.

Growth is the problem.....the system is a growth junkie....not able to maintain without steady growth.....
The need for growth is the result of never having enough money to cover the interest on the money they print.....