Odds of Global Recession Are 100%: Marc Faber

[Drunken Irishman]

8. Like I said, they've been saying this since 2010...

2010:

http://www.huffingtonpost.com/2010/06/15/double-dip-recession-comi_n_612398.html

2011:

http://money.cnn.com/2011/09/30/news/economy/double_dip_recession/index.htm

I'll believe it when I see it. Based on predictions, we should have collapsed into a recession two or three years ago ... and the stock market should have tanked:

2010:

http://money.cnn.com/2010/05/17/magazines/fortune/2010.crash.1987.again.fortune/index.htm

2011:

http://money.msn.com/stock-broker-guided/a-market-crash-in-2011-count-on-it-marketwatch.aspx

2012:

http://caps.fool.com/Blogs/growing-odds-of-us-stock/73515

Still waiting...

It might happen, I'll concede it. But let's be honest, these people have been predicting doom & gloom ever since we came out of the last recession and a year passes and they're proven wrong. Sooner or later, I guess if they keep making these predictions, they'll be proven right. But right now? I'm not going to panic. It does no good, especially when these people have been woefully off the mark the last three years.