Tags: Farrell | economy | stock | market

MarketWatch’s Farrell: Economy, Stock Market Headed Down the Tubes

Thursday, 01 Nov 2012 08:28 AM

By Dan Weil

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Economic growth will soon become a thing of the past, and the stock market is doomed for a collapse, MarketWatch’s Paul Farrell writes in a column.

“Warning to all you investors, the stage is set,” he says. “The economic growth trajectory of the last 300 years is ending. You must take action, protect your family. A collapse can happen sooner than you think, spread fast, wide.”

He lays out nine economic scenarios, all leading to disaster. Here are three.

Editor's Note: 'It’s Curtains for the US' — Hear Unapologetic Warning from Prophetic Economist.

• “800-year growth trend: Back to pre-Industrial Revolution levels.” The U.S. growth rate has been slipping since 1950 and at this pace will reach 0.2 percent by 2100, according to a National Bureau of Economic Research study by Richard Gordon.

• “Population Growth out of control: Planet can’t feed 10 billion.” Money manager Jeremy Grantham has warned that the earth can’t feed 10 billion people, but that’s exactly the number forecast for 2050.

• “War and Disaster scenarios: Bad endings are inevitable.” Conflict over scarce resources could mean trouble.

Farrell has some provocative ideas. But you could have made a lot of money betting against the bevy of apocalyptic forecasts present during every phase of history.

Thomas Malthus famously predicted in the late 18th and early 19th centuries that we wouldn’t be able to feed the rapidly growing population. Rampant starvation didn’t follow.

From the invention of the wheel to the iPad, humans have proven to be very adaptable.

Editor's Note: 'It’s Curtains for the US' — Hear Unapologetic Warning from Prophetic Economist.

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