http://www.marketwatch.com/story/dow-death-cross-is-a-bearish-omen-for-the-stock-market-2015-08-11
The Chinese are changing the value of their currency again, and this has people worried. You can read about that here.
Many worry about the Chinese economy and the value of the Yuan. The big worry is that the dollar may be replaced as the world's reserve currency.
Another worry is the number of unemployed and the labor participation rate. Here is another great read with warnings.
Some argue that the economy runs in cycles and we are entering another "down" period.
Robert Kiyosaki, author of Rich Dad Poor Dad has already predicted big trouble for our economy. He sees a big crash coming.
And we have all seen Ron Paul asking us to watch his warning and get prepared.
Is our economy going to collapse? I have no idea. And neither does anyone else. But I do think there are signs of trouble and reasons for concern.
I think there are consequences to printing trillions of dollars. I think there are consequences to being $19 trillion in debt. Eventually there are costs to be paid. Yes, there will be a crash. But I do not know when.
Allocate your resources between stocks and bonds and cash and land and gold, with a little of each based on your age and aversion to risk. Don't cash out of everything and move to the hills.
But don't be surprised when everything goes to sh*t at the speed of light. Keep a little extra food and water and cash. Diversify. Pay off debt. And then quit worrying.
Yes, of course the economy is going to crash. But there is not much you can do about it.
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