Your headline is very appropriate. I'm a retired stockbroker, economist, analyst with over 20 years at a trading desk. I continue to trade my own account. In your title you use the word "Collapse". Some of my friends have started calling me "Chicken Little" because I have been calling for a "total collapse" for over two years now. Quite frankly I can't believe they have propped the markets up this long. I would certainly hate to be a stockbroker when the collapse happens. Its the old saying, when the customer makes money it's his idea and when the customer loses money its the brokers idea. I see lots of broker lawsuits in the future.

There is still plenty of opportunity to make money in the markets but you need to sit in front of a trading screen and never leave it as long as you have an open position and be prepared to close or open a position at a moments notice.

I agree with you on John Williams. He and I are of like minds when it comes to economics.