{"id":13293,"date":"2016-05-13T17:50:52","date_gmt":"2016-05-13T21:50:52","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=13293"},"modified":"2016-05-13T17:50:52","modified_gmt":"2016-05-13T21:50:52","slug":"milton-berg-we-are-on-the-cusp-of-a-30-year-bear-market-zero-hedge","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2016\/05\/13\/milton-berg-we-are-on-the-cusp-of-a-30-year-bear-market-zero-hedge\/","title":{"rendered":"Milton Berg: We Are On The Cusp Of A 30 Year Bear Market | Zero Hedge"},"content":{"rendered":"<p><a href=\"http:\/\/www.zerohedge.com\/news\/2016-05-12\/milton-berg-we-are-cusp-30-year-bear-market\"><img data-recalc-dims=\"1\" decoding=\"async\" class=\"alignnone size-full\" src=\"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2016\/05\/20160512_berg1_0.jpg?w=525&#038;ssl=1\" alt=\"\" \/><\/a><\/p>\n<p>Apocalyptic views of the next few decades are coming thick and fast. Tyler Durden summarizes an interview here with MB Advisors founder and CEO Milton Berg:<\/p>\n<blockquote><p>Here is the reason why Berg believes you can invest in the market today, go to sleep, wake up thirty years later and have made no money&#8230; <\/p>\n<p>&#8220;Well, it is not unheard of in history. As you know there was a bear market in bonds lasting maybe forty years that began in the mid-40&#8217;s and ended in 1980. We&#8217;ve had a twenty, twenty five year bear market in Japan going back to 1989. We&#8217;re the most overvalued market in history, there&#8217;s more leverage throughout the world than there&#8217;s ever been in history, central banks have lost all their ammunition, basically because there is so much credit outstanding throughout the world. It&#8217;s not unheard of to have a long-term bear market. There will be a lot of money to be made both on the downside and the upside within the bear market.&#8221;<\/p>\n<p>&#8230;..When asked what would happen if central bankers were to follow through on their whatever it takes promises, Berg gave the most rational response&#8230;.<\/p>\n<p>    &#8220;If whatever it takes means Zimbabwe, or hyperinflation Germany, stocks will do well, but not relative to the inflation rate.&#8221;\n<\/p><\/blockquote>\n<p>Not sure that I agree with the 30-year bear market conclusion, though it is a risk.<\/p>\n<p>We had a three decade easy-money credit binge, which saw debt rise to extreme levels, followed by a (2008) violent heave in which markets attempted to purge themselves of the excess debt. But central banks intervened to prevent the purge out of fear that the contraction would (as in the 1930s) cause long-term damage to the global economy.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" width=\"525\" height=\"234\" title=\"Domestic Nonfinancial Debt to Nominal GDP\" alt=\"Domestic Nonfinancial Debt to Nominal GDP\" src=\"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2016\/05\/2016-05-14-debt-gdp.png?resize=525%2C234&#038;ssl=1\" \/><\/p>\n<p>The accepted wisdom is, or at least was, that rather than allow debt to contract and cause a deflationary spiral that would damage the financial system, instead suppress the contraction and wait for economic growth to gradually restore debt to more acceptable norms over time. There is just one problem: the economy is becoming even more bloated with debt and has stopped growing&#8230;..<\/p>\n<p>The only solution is a managed contraction over the next decade, with central banks winding down their balance sheets and an unavoidable market purge. If combined with <a href=\"https:\/\/goldstocksforex.com\/2016\/04\/28\/carl-icahn-warns-wall-street-of-day-of-reckoning\/\">a coordinated program of government\/private investment in productive infrastructure<\/a>, we could see a recovery within 10 years.<\/p>\n<p>Source: <a href=\"http:\/\/www.zerohedge.com\/news\/2016-05-12\/milton-berg-we-are-cusp-30-year-bear-market\">Milton Berg: &#8220;We Are On The Cusp Of A 30 Year Bear Market&#8221; | Zero Hedge<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Apocalyptic views of the next few decades are coming thick and fast. Tyler Durden summarizes an interview here with MB Advisors founder and CEO Milton Berg: Here is the reason why Berg believes you can invest in the market today, go to sleep, wake up thirty years later and have made no money&#8230; &#8220;Well, it &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2016\/05\/13\/milton-berg-we-are-on-the-cusp-of-a-30-year-bear-market-zero-hedge\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Milton Berg: We Are On The Cusp Of A 30 Year Bear Market | Zero Hedge&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[57],"tags":[],"class_list":["post-13293","post","type-post","status-publish","format-standard","hentry","category-stock-markets"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Milton Berg: We Are On The Cusp Of A 30 Year Bear Market | Zero Hedge - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Milton Berg: We Are On The Cusp Of A 30 Year Bear Market | Zero Hedge - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Apocalyptic views of the next few decades are coming thick and fast. Tyler Durden summarizes an interview here with MB Advisors founder and CEO Milton Berg: Here is the reason why Berg believes you can invest in the market today, go to sleep, wake up thirty years later and have made no money&#8230; &#8220;Well, it &hellip; Continue reading &quot;Milton Berg: We Are On The Cusp Of A 30 Year Bear Market | Zero Hedge&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2016\/05\/13\/milton-berg-we-are-on-the-cusp-of-a-30-year-bear-market-zero-hedge\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:published_time\" content=\"2016-05-13T21:50:52+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/thepatientinvestor.com\/wp-content\/uploads\/2016\/05\/20160512_berg1_0.jpg\" \/>\n<meta name=\"author\" content=\"ColinTwiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ColinTwiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2016\/05\/13\/milton-berg-we-are-on-the-cusp-of-a-30-year-bear-market-zero-hedge\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2016\/05\/13\/milton-berg-we-are-on-the-cusp-of-a-30-year-bear-market-zero-hedge\/\"},\"author\":{\"name\":\"ColinTwiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5\"},\"headline\":\"Milton Berg: We Are On The Cusp Of A 30 Year Bear Market | Zero Hedge\",\"datePublished\":\"2016-05-13T21:50:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2016\/05\/13\/milton-berg-we-are-on-the-cusp-of-a-30-year-bear-market-zero-hedge\/\"},\"wordCount\":419,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2016\/05\/13\/milton-berg-we-are-on-the-cusp-of-a-30-year-bear-market-zero-hedge\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/thepatientinvestor.com\/wp-content\/uploads\/2016\/05\/20160512_berg1_0.jpg\",\"articleSection\":[\"Stock Markets\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2016\/05\/13\/milton-berg-we-are-on-the-cusp-of-a-30-year-bear-market-zero-hedge\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2016\/05\/13\/milton-berg-we-are-on-the-cusp-of-a-30-year-bear-market-zero-hedge\/\",\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/2016\/05\/13\/milton-berg-we-are-on-the-cusp-of-a-30-year-bear-market-zero-hedge\/\",\"name\":\"Milton Berg: We Are On The Cusp Of A 30 Year Bear Market | Zero Hedge - 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In fact completely in parallel with the increase in inflation expectations the markets\u2019 perception of the Japanese government\u2019s default risk have decreased significantly.\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":61407,"url":"https:\/\/thepatientinvestor.com\/index.php\/2025\/03\/22\/us-weekly-market-snapshot-6\/","url_meta":{"origin":13293,"position":1},"title":"US Weekly Market Snapshot","author":"Colin Twiggs","date":"March 22, 2025","format":false,"excerpt":"The dial on the left indicates bull or bear market status, while the one on the right reflects stock market drawdown risk. Bull\/Bear Market Our Bull\/Bear Market indicator is unchanged at 60%, with two of the five leading indicators signaling risk-off: Financial conditions remain easy, but a sharp reversal in\u2026","rel":"","context":"In &quot;Active Investing&quot;","block_context":{"text":"Active Investing","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/investing\/active-investing\/"},"img":{"alt_text":"Bull\/Bear Market Indicator","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-02-07-bull-bear-gauge.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-02-07-bull-bear-gauge.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-02-07-bull-bear-gauge.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":59130,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/11\/09\/weekly-stock-market-snapshot-6\/","url_meta":{"origin":13293,"position":2},"title":"Weekly Stock Market Snapshot","author":"Colin Twiggs","date":"November 9, 2024","format":false,"excerpt":"The above two dials provide a snapshot of our market view and attitude to risk. Bull\/Bear Market The Bull\/Bear Market indicator is unchanged from last week, but the yield curve has flattened, and the spread between the 10-year Treasury yield (TNX) and the 3-month T-bill discount rate (IRX) threatens to\u2026","rel":"","context":"In &quot;Active Investing&quot;","block_context":{"text":"Active Investing","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/investing\/active-investing\/"},"img":{"alt_text":"Bull\/Bear Market Indicator","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-10-04-bull-bear-gauge2.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-10-04-bull-bear-gauge2.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-10-04-bull-bear-gauge2.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":59198,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/11\/14\/weekly-market-snapshot-bull-bear-falls\/","url_meta":{"origin":13293,"position":3},"title":"Weekly Market Snapshot &#8211; Bull\/Bear falls","author":"Colin Twiggs","date":"November 14, 2024","format":false,"excerpt":"The above two dials provide a snapshot of our market view and attitude to risk. Bull\/Bear Market The Bull\/Bear Market indicator fell to 60% on Wednesday from 80% last Friday. The spread between the 10-year Treasury yield (TNX) and the 3-month T-bill discount rate (IRX) has crossed to above zero.\u2026","rel":"","context":"In &quot;Active Investing&quot;","block_context":{"text":"Active Investing","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/investing\/active-investing\/"},"img":{"alt_text":"Bull\/Bear Market Indicator","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-11-13-bull-bear-gauge.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-11-13-bull-bear-gauge.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-11-13-bull-bear-gauge.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":59222,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/11\/16\/weekly-market-snapshot\/","url_meta":{"origin":13293,"position":4},"title":"Weekly Market Snapshot","author":"Colin Twiggs","date":"November 16, 2024","format":false,"excerpt":"The above two dials provide a snapshot of our market view and attitude to risk. Bull\/Bear Market The Bull\/Bear Market indicator fell to 60% on Wednesday from 80% last Friday. The spread between the 10-year Treasury yield (TNX) and the 3-month T-bill discount rate (IRX) crossed to above zero, ending\u2026","rel":"","context":"In &quot;Active Investing&quot;","block_context":{"text":"Active Investing","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/investing\/active-investing\/"},"img":{"alt_text":"Bull\/Bear Market Indicator","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-11-13-bull-bear-gauge.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-11-13-bull-bear-gauge.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-11-13-bull-bear-gauge.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":20140,"url":"https:\/\/thepatientinvestor.com\/index.php\/2020\/03\/27\/dow-not-so-fast-wsj\/","url_meta":{"origin":13293,"position":5},"title":"Dow: Not so fast WSJ","author":"Colin Twiggs","date":"March 27, 2020","format":false,"excerpt":"We were surprised to receive this from The Wall Street Journal this morning: Markets Alert Dow Industrials Rally, Ending Bear Market A new bull market has begun. The Dow Jones Industrial Average has rallied more than 20% since hitting a low three days ago, ending the shortest bear market ever.\u2026","rel":"","context":"In &quot;Stock Markets&quot;","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/13293","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=13293"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/13293\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=13293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=13293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=13293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}