How Far Is Down ... ??

Are we in for a replay of the Great Depression. Martin Weiss thinks so! Some of the early indicators suggest that we're in for a rough ride all the way down to as low as a DOW of 1500 on a scenario that this will duplicate the Great Depression. One of the interesting strategies he suggests is buying Inverse ETFs.

Now I'm quite clueless about this. What bothers me is the sheer magnitude of the debt that the government is ladling out as if there is no tomorrow. So far we're looking at 14 Trillion or so of new debt which is greater than the GDP. Maybe it would make sense (although I doubt it) if it were going into some sort of investment strategy that would show growth, fairly rapid growth in the months ahead. But that's not the case. It looks like a pork-barrel spending spree with all the stops removed. Every hairbrained idea that ever crossed a politician's mind seems to up for funding with no particular fiscal discipline in place. That is clearly a recipe for catastrophe. I don't like playing the role of Chicken Little, but when a lot of sane heads all start predicting catastrophe you have to at least consider the possibility.