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Mr.Bill Bonner
Here's Bill Bonner [one of my two favorite financial writers- the other being Doug Casey, blatantly contradicting himself regarding the future of the economy.
First he predicts a depression : "Why Negative Rates Can’t Stop the Coming Depression"...
... then he says in the article itself: "The future is always unknown."
Hmmm, so, we are [1] in for a depression but [2] no one can predict the future ? [I agree with the last part, although someone out there may get lucky, even possibly Mr Bonner himself, I suppose].
To try to make my own position a little clearer:
Depressions/deflations , have happened in the past, so they _will_occur in the futre at some point, regardless of what some might say; no differently than inflation, recession, "stagflation", economic "good times", or whatever else, have occurred in the past and will/must therefor continue to naturally occur in the future - its just that none of those economic conditions can be reliably predicted ahead of time.
So Mr Bonner is right in one sense- there will be a depression at some point in the future, however [and ignoring the fact that I have instinctively "leaned" towards a deflationary scenario for a number of years in my conversations with clients and others], there can be no guarantee that that "the greater depression" will occur in yours, or my, lifetimes. Which is why you need a neutral [i.e. none-predictive] long term savings plan for the money you cannot afford to lose, in my humble opinion.
Regards, onebornfreeatyahoo
