If you listen to the talking heads on TV and the central bankers and politicians with an agenda, you would get the impression that the US economy is doing great. I guess the economy is doing great, or are the powers that be just cooking the books to make the economy look good? look here.
For a better understanding of the economic situation and the future, it is best to listen to people, without an agenda, who understand the real economy and who have predicted market collapses in the past that came true, all the while Ben Bernake was spouting roses and never saw the collapse coming.
Take a minute or two and peruse the links to articles on my Home page or google the following individuals to see what Peter Schiff, Gerald Celente, Egon von Greyerz, Michael Pento, Nomi Prins, Eric Sprott, Tyler Durden, David Stockman, Mark Faber, Richard Russell and many others too numerous to mention have to say; they are all predicting world wide economic collapse and chaos. They have been right in the past, the government bureaucrats, central bankers and politicians have always been wrong, always.
Although my trading system is barely positive at plus $34.70 for the year; I am very comfortable having sold most of my stocks, sitting with a large position in gold and silver and gold and silver mining shares as well as adding to my cash position. Trading and investing is not a sprint, it is a marathon. I am in this for the long haul and have adjusted my portfolio to survive what ever happens in the future.
Expect and prepare for the worst and hope for the best!