by Doug Casey, International Man:

Doug Casey: I hate to sound a pessimistic note, but you have to call them as you see them. News flash: There are storm clouds on the horizon. I’m tempted to say the presage “The Perfect Storm,” but the phrase has become hackneyed… and it understates the case. Instead, let me say I think it will be worse than even I think it could be.

The trend that’s brought us here has been building for the last hundred years. It’s been compounding upon itself, and the curve looks exponential. The only factor that gives me pause is that almost everyone now sees a tsunami coming. And reality usually confounds beliefs that “everyone” has. Perhaps The Greater Depression will just turn out to be fear porn. But that’s not how I’m betting.