Prepare for a Massive Market Meltdown.....

 “I don’t think markets are going down because of Greece, I don’t think markets are going down because of the ‘fiscal cliff’ — because there won’t be a ‘fiscal cliff,’ ” Faber told CNBC’s “Squawk Box.” “The market is going down because corporate profits will begin to disappoint, the global economy will hardly grow next year or even contract, and that is the reason why stocks, from the highs of September of 1,470 on the S&P, will drop at least 20 percent, in my view.”

Raymond Dalio Warns of Social Unrest in the EU....

Not so far fetched......as George Santavana said: "Those who do not learn from history are doomed to repeat it"....

I'd say we haven't learned a thing.....


“For example, Hitler came to power in 1933, which was the depth of the Great Depression, because of the social tension between the factions. So I think it very much is dependent on how the people work this through together and worry about the social elements,” he added.