PROBABLE Prediction 1998.9 ![[CROSS]](../cross.gif)
Submitted 3rd May, 1996 by Chris Allen
[email protected]
Prediction:
An economic depression will begin that will make 1929 look like a tea party.
Objective measurement:
The unemployment rate will exceed 25%.
When:
1998
Why:
This is the toppiest market in financial history, and global debt(both public and private) is larger than at any time in all of human history. This situation has maintained for nearly 30 years and cannot go on forever. In fact, my prediction should have happened at least 4 years ago, but government manipulation of financial markets has reached truly fascist proportions. Thus, the downward slide is in slow motion. Watch for things to get steadily worse, but never in such increments as to cause panic.
Further comments:
All rational people know this is inevitible, but we ignore it because we need to sleep at night.