It will happen when the federal reserve is ready to pull out. You nor I know when and Im actually betting on this yr because they need all hell to break loose around the election.
I was writing a moderate length thread when I somehow deleted it.
I don't feel like repeating it all again, not now anyway.
I'll try to get back to this thread later.
But very quickly, the world's economic powers have propped up the economies through quantitative easing, lending banks billions, and other measures.
We never really came out of the recession, despite the presidents proclamations that we have. Liar that he is. But then again, that is his native tongue. He knows we have not. I digress.
All they did was forestall the inevitable.
China's economy is built on a house of cards.
Computers and technology are making it near impossible for country's to create jibs much less keep up with population growth.
And jobs are being outsourced at an alarming rate.
I can't tell you how many wealthy people that I either knew (not to many of them, I don't want to give the wrong impression like I know a lot of very wealthy people. I know some, but not a bundle.), or that were friends of a friend, or that I have heard about from third parties have moved out of the USA because of what they see coming here.
I used to do real estate in NYC. I was an agent for a short time, and a investor and buyer of properties for a longer time. I still have friends and associates that I speak to from back there. They predicted the end of the last two cycles, and I have every reason to believe they will be correct on this one too. I don't know as much as they do, and I can see it too.