Global SAVINGS RATE indicates imminent LONG TERM DEPRESSION?
 

The more people save, the worse the economy gets. Also, as the pain deepens, the cheap political points to gain from protection might become impossible to resist... Protectionism yields to even more economic erosion.

Remember, the Great Depression of 1929 ushered in a long era of unemployment and the crash was a long term event starting with an initial big crash.

We might just be done with the first uptick and are due to a series of downturns, upturns, etc but all trending downward.

Source: http://www.telegraph.co.uk/finance/c...epression.html

Should have listened to guys like this. He's hardly alone...

the last 10 years before depression were like cross sales... good time , but you cant live large forever. you gotta put money back in the bank.

Deflation it is then.

Has Ambrose Evans-Pritchard been right ever since the financial crisis? Nope.