I bought gold today. I’m increasing concerned that our bubble economy is imploding.

There are in my view six reasons to be concerned, very concerned, about the direction of our economy. All six involve economic bubbles:

1. The consumer debt bubble is contracting.
2. The residential mortgage debt bubble is contracting.
3. The dollar bubble is still expanding but not for long in by view.
4. The USA’s international trade deficit bubble is slowing its expansion.
5. The stock market bubble is contracting.
6. The government deficit bubble is expanding at an accelerating and
   unsustainable rate …a terminal rate in my view.

In my view, we are about to enter a new era of extreme economic turmoil and the government will itself need to be bailed out.

I hope I’m wrong. To buy a little insurance against the possibility that I’m right, buy gold. I intend to buy more gold over the coming weeks.

Kirk