Five-year forecast

[Bill Bonner’s Diary]( Five-Year Forecast By Bill Bonner Monday, June 21, 2021 [Bill Bonner] YOUGHAL, IRELAND – Midsummer has arrived! Yesterday was the longest day of the year in the Northern Hemisphere. The farther north you are, the longer the day. Here, it was light until almost 11 p.m. We went over to the little seaside town of Ardmore, where the church has reopened for the summer season. “It’s Father’s Day,” explained the white-haired priest. “I scarcely ever saw my father until I was 9 years old. It was World War II, and he was in the Royal Air Force (RAF). “When he came back to Ireland… he brought his ration of chocolate with him. That endeared him to me forever. “It was a long trip back then, from London to Ardmore. You had to cross England by train, take the boat across the Irish Sea, and then take the train down from Dublin. “I found out later that part of the reason I saw so little of him was that he became violently seasick and hated the trip. “Nowadays, we would just get on a plane.” Out on the streets of Ardmore, flowers were in bloom everywhere… even bursting out of the cold, stone walls. Lovers strolled arm in arm. Birds sang in the trees. Recommended Link [Dire Numbers – Time to Cash Out?]( [image]( “The largest, fastest change” we’ve seen… Tiger 21, a club of 800 ultra-rich investors, recently started hoarding cash. “We see no easy way out,” warns Bank of America. Jeff Bezos–the world's richest man – recently dumped $4.3 billion in stock. What is going on? The alarm bells are ringing. And what you do NOW will determine your future. Jeff Brown–arguably America’s most accurate investor–reveals [the strange “division”]( happening in the market right now… [Watch This Urgent Briefing Now]( -- Irish Summer But this morning, cold winds blow in off the Atlantic. Clouds scoot over the treetops. The temperature will barely make it into the 60s today. “In Ireland, you can’t wait for a real summer; you have to take what you can get,” says a neighbor. And so, people go about in shorts and t-shirts… appearing not to notice the chilly winds. Families go to the beach… and wrap themselves in towels to keep from freezing. The public pools are open, where children take swimming lessons and turn purple. Yes, it’s an Irish summer… and it is delightful. [Featured: Caught on Camera: Tesla Car Shocks Everyone]( FOMO But we must turn our attention to the world of money… where two dark clouds hang over the summer fun. First, with stocks at/near all-time highs, there is the threat of a major selloff in the markets. Michael Burry, [hero of the mortgage bubble crisis]( says it will be the “mother of all crashes.” Business Insider is on the story: “All hype/speculation is doing is drawing in retail before the mother of all crashes,” the investor tweeted. “When crypto falls from trillions, or meme stocks fall from tens of billions, #MainStreet losses will approach the size of countries.” Burry added that people’s fear of missing out has propelled asset prices to unsustainable levels. “#FOMO Parabolas don’t resolve sideways,” he cautioned. Nope. Prices don’t go up, like a baseball off a bat… and just stay in the air. Gravity brings them back down to Earth. The higher they fly… the further they fall. Recommended Link [MISSING: Bill Bonner’s LAST and Most Important Book]( [image]( Recently, Bill Bonner published a new book, which details [his final warning to investors](. But shortly after it hit bookstore shelves, it disappeared, without a trace. Today, you’d be lucky to find a used copy online for $79. While some suspect Bill’s book has been “shadow-banned” by major retailers… the truth is far more interesting… and urgent. For the full story – including how you could claim a copy, free as part of this limited-time offer… [Click here]( -- Dark Cloud But wait… What about the other dark cloud – inflation? Won’t it keep them aloft? Won’t the Federal Reserve’s money-printing guarantee higher stock prices? And shouldn’t a prudent investor stick with stocks, at least until the inflationary threat is over? [Earlier this month]( we found out that inflation in the U.S., officially, is running over 5% – for only the second time in 30 years. If they calculated it the way they did in the 1980s, it would be over 10%. Tim Congdon is one of Britain’s leading economists. Last week, he released a report, Where Does U.S. Inflation Go From Here?, in which he concluded: The annual rate of U.S. consumer inflation between now and end-2022 will typically run in the 5%–10% band. Like a tornado, inflation picks up everything in its path, sends it swirling high into the air… and leaves the ground littered with debris once it has gone. It destroys markets, economies, governments, and whole societies. And with such a funnel cloud approaching, you’d think the feds would want to head for a storm shelter. [Featured: 10-Second Trading Demo Stuns Everyday Americans]( Instead, they’re spreading out a picnic blanket and spraying on the insect repellent. The Fed is continuing its [$120 billion per month]( money-printing. The “[dot plot]( of anticipated rate increases shows none are likely, neither this year nor next, with two expected in 2023. And Senate Democrats are pushing ahead with plans for a $6 trillion “go it alone” spending extravaganza. The EZ money will keep coming, in other words. And all of this money will eventually show up in prices. Where else could it go? Recommended Link [Millionaire’s Big Prediction From Living Room Couch]( [image]( Teeka Tiwari – America’s No. 1 Investor – just made an outrageous prediction. Recorded live from his living room couch… He blasts Congress, reveals nasty truths about America… And reveals one technology set to radically change our nation. Already, 400,000+ viewers have checked it out. WARNING: This video may make you furious. [Watch His Urgent Video Now]( -- Five-Year Forecast But in the meantime, as the twister draws closer, investors will become unsettled. A study by economists at investment research firm Gavekal shows that rising inflation levels means falling stock market gains: For the last 130 years (the period for which we have data both for U.S. prices and for the U.S. stock market), all the excess return on U.S. equities relative to cash have been realized during periods of decelerating inflation. The excess returns during periods of accelerating inflation have been a robust zero. They go on to say that since World War II, every major bear market (with a drop of 50% or more) has come during a time when consumer price increases are speeding up. Which should investors fear – a crash or inflation? The answer is… both. And herewith our simple Five-Year Forecast: The feds will inflate. The stock market will deflate. And then… the feds will inflate even more… …until the inflation tornado has made a wreck out of everything. Regards, [signature] Bill --------------------------------------------------------------- Like what you’re reading? Send your thoughts to [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=Five-year forecast). --------------------------------------------------------------- FEATURED READ [Cargo Delays Are Increasing Inflation Issues]( delays in cargo transportation have made inflation issues worse. Part of this has to do with soaring consumer demand from Americans. And as prices for items increase, so does shipping. It’s a vicious cycle, all leading to one end: higher costs for everyone. MAILBAG In today’s mailbag, dear readers respond to Bill’s missive, “[The Masses Will Pay the Price]( History shows that if the price to pay for the masses becomes too high, the elites will ultimately also pay their price (see French and Russian revolutions, etc.). If the U.S. billionaire caste outsources labor to Asia and starves their honest, blue collar and middle classes in unemployment, homelessness, and drugs, there will be a backlash which cannot be suppressed by cries of “Marxism” or militarized policing. – Lukas F. Love how you invariably get tuned in to the “nitty gritty,” but I’m sure your resourceful staff keeps you up-to-date with core and crucial happenings in the economy. Thanks for sharing pictures of your Irish home some time. Takes me back to those times when life was much less complicated in the 1950’s. I lived in semi-rural England at that time. – Ken M. Always insightful and a good read – scary true. But it helps me keep my head screwed on and my thoughts in order. Your understanding of the issues seems to run deep – and the currents generated by your writing bring nutrients to the surface for our brains to digest. Very refreshing! – Alan A. Will the elites eventually pay the price for their money mismanagement, as Lukas believes? Or is it really the middle and lower classes that are doomed, as Bill writes? Write us at [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=Five-year forecast). IN CASE YOU MISSED IT… [George Gilder: “5G will soon be exposed as hype and hustle.”]( Gilder believes a radical paradigm change is taking place in the tech world – one that could disrupt the existing 5G industry. It isn’t the first time he’s shocked the tech world… Gilder predicted the smartphone in 1991… identified Amazon in 1998, before it rose 243,000% over 23 years… and helped his followers make 40x their money in less than four years on Qualcom in the late 1990s. Now he’s at it again… [Get his full prediction here.]( [image]( --------------------------------------------------------------- Get Instant Access Click to read these free reports and automatically sign up for daily research. 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