Loading ...At The End of a Classic Bubble, the Stock Market and Economy Fail Together
He correctly explains that on the way up stock prices(S&P 500) act as a leading indicator for the economy and when a bull market bubble pops, both run out of gas and decline together. //www.321gold.com/editorials/hoye/hoye081324.pdf
I disagree that we are going to get a crash in the stock market (I know famous last words).
I think the Zimbabwe and Venezuela stock markets are better indicators of whats coming.
No mention by the author nor myself about a crash. His point, which I agree with, is that when a bubble runs out of air(they all do) stocks and the economy decline together. The currency can and probably will become worth less and or worthless. So yes, the nominal price of stocks could be higher than today, or even the recent top in July, but the value of their holdings will be lower in real terms.