I believe something terrible is about to happen to millions of unsuspecting Americans… Our good fortune of the past 50 years is about to take a major turn, as two inevitable trends careen toward each other, like runaway freight trains on the same track. This collision will bring about some of the most difficult years in American history.
I’ve made three macroeconomic predictions in my 50-year career. All three proved to be right, though I was mocked each time.
My fourth and final prediction should be no different.
