looming economic crisis in the USA?

[маразм1]

http://pro.stansberryresearch.com/1404EOAJULY1/PPSIQ713/?h=true
I watched this a few days ago, and it was quite and awakening.  Please don't pay attention to the "end of barack obama" headline, take a listen for the first 20 minutes or so and tell me what you think.  Thoughts? 

[Todd]

Thoughts?

Don't click banner ads.

[bwv 1080]

It's BS from a scammer, don't waste your time with it

http://briandeer.com/stansberry/stansberry-research-scam-1.htm

[ibanezmonster]

No WOT, I see.

[Jo498]

What happened to the tent cities from 08/09? Are they all gone? How do major parts of Detroit look like? Is this how first-world countries are supposed to look if all is well? crisis is the new normal, I'd say...

[The new erato]

What happened to the tent cities from 08/09? Are they all gone? How do major parts of Detroit look like? Is this how first-world countries are supposed to look if all is well? crisis is the new normal, I'd say...

Well, you could also see them as a result of a wellfunctioning economy from an economic - not a social - viewpoint. I would be more concerned about the social than the economic consequences of domestic US economic policy, though those two obviously are linked in the longer term.

[Jo498]

In a well functioning economy the home-owners would have been saved, not the banksters and Ponzi schemers. Unless we have very diverging ideas of "well functioning".
The US is visibly crumbling in many respects and because of the importance of the US (political and economical) this also concerns the rest of the world.

[jochanaan]

"Looming economic crisis"?  So tell us something we don't know. As a bumper sticker used to say, "If you aren't totally outraged, you're not paying attention!"

[Karl Henning]

Don't click banner ads.

Widsom!

[mc ukrneal]

And yet GDP grew something like 4% last quarter.

The thing with recessions and crises caused by too much debt, it takes a long time for all that to unwind and typically the recovery a) takes much longer and b) is not as strong a recovery. That is what we are seeing today.

[Karl Henning]

Widsom!

Pselling