Richard Russell – The Financial System Has Been Destroyed
from King World News
With continued chaos around the world and uncertainty in global markets, today KWN is publishing a powerful piece that was written by a 60-year market veteran. The Godfather of newsletter writers, Richard Russell, warns that “the present system has, in effect, been destroyed.” Russell also revisits a remarkable prediction he made 56 years ago. What is so astonishing is how his prediction is coming true once again, this time nearly 60 years later.
Richard Russell: “My thoughts go back to 1957. I wrote my first article for Barron’s in December of 1957, in which I noted that we’d never had a third speculative phase in that bull market. Soon a vicious recession was on, and everybody was bearish. I predicted that despite the recession, we would see a speculative third phase in the secular bull market. The third phase did come, and my forecast proved correct.
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Source: http://financialsurvivalnetwork.com/2013/11/richard-russell-the-financial-system-has-been-destroyed/?utm_source=rss&utm_medium=rss&utm_campaign=richard-russell-the-financial-system-has-been-destroyed
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