WEB Notes: These are major bank leaders telling us these things. We have said it until we are blue in the face here, if the economy was fine the bankers would not have zero to near zero rates. If the economy was fine we would not have and would not need global bailouts of various institutions. Should the words of this banker scare you? Of course not. We know what our Father’s Word says concerning the times coming and you are aware and know what to do.
There’s a chilling trend in the market, and it could wreak havoc on your portfolio, a top market watcher said.”We are seven years into a full-fledged, all out, central bankers doing everything they can to stimulate demand,” Bank of America-Merrill Lynch’s head of U.S. equity and quantitative strategy Savita Subramanian recently warned on CNBC’s ” Fast Money .”
“We looked at all of these indicators that have been pretty good at forecasting recessions and we extrapolated that if they follow the current trends they’re on, we’re going to hit a recession sometime in the second half of next year.”