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2014-Crisis Outlook – 2008 Aftershock Coming Soon

In 2006, while the US housing market was at its supreme, Robert Wiedemer, an obscure economist predicted that the country was headed towards a massive crisis. He, along with his economist friends, published their views on the impending doomsday in the book, America’s Bubble Economy. It was 2006, and many thought of Wiedemer et al as doomsayers. And then, in 2008, the world experienced one of the worst financial crises of all times. It is 2014, and Wiedemer has something more to say. He thinks that there will be a major financial crisis in 2014 that will be an aftershock of what happened in 2008. Wiedemer is not alone in predicting the 2014 crisis. Donald Trump, while appearing on an interview on Fox News, had similar views about the impending 2014 crisis. On the interview, he said that the US economy was performing miserably. He also added that “recession” was the right word to describe the current state of US economy. There are a number of reasons why esteemed economists are predicting a major economic catastrophe in 2014. According to estimates, the total debt in US is to the tune of $16 trillion, and it is increasing with each passing

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