Is a US Economic Collapse Imminent?

The Dow tumbled today after a double dose of bearish news. Employment numbers increased far more slowly than expected and housing prices continued their crash. Consumer confidence is down significantly and the Dow’s short term bearish trend is starting to look like a long term trend. Is this the beginning of another correction, so soon after the previous? Asian markets are down overnight and QE3 is about to end. The market is absolutely ripe for a collapse. Not just a next-two-years collapse either; it may only be a couple months away or less. What is sure is that stocks have outpaced the actual “recovery” and that the only question left is ‘when will the equities bubble burst?’ Perhaps all the rise in stocks we’ve seen over the past couple years has been an across-the-board bubble that Keynesian economists and money managers have been misinterpreting as a rebound. Time to short the Dow? I think so.

I leave you with this

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