Now that economic events you predicted in your bestseller have actually occurred, are we closing in on the “tipping point” for another meltdown?
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Announcer: Now that economic events you predicted in your bestseller have actually occurred, are we closing in on the "tipping point" for another meltdown?
Robert Wiedemer: We're still just where we predicted, but more importantly what we're in is kind of a turning point now. The economy of the world is slowing down. That's taking down our economy. Corporate earnings are down. There's a general malaise in the economy and so why should the market keep going to record highs? And it isn't. Without money printing, it's not... and that's worrying people. I think it will even worry people a bit more if we bring back money printing to push the market up--and I think they will, if the market goes down enough, which it will. They'll bring it back, but people are still really worried, because your reaching a kind of turning point in their...what do you call it? Basically, their patience in a sense and willingness to believe that it's only temporary.