Dow 4,000. Food shortages. A bubble in Treasury notes.
Fortune spoke to eight of the market's sharpest thinkers and what they had to say about the future is frightening.
Things are going to be awful for everyday people.
I think the overall economy will be worse than people expect.
Some people who are so inclined might go more into the market here because there's a real chance it will go up a lot. But that's very risky. It could easily fall by half again.
I cannot imagine why anybody would give money to the U.S. government for 30 years for less than a 4% yield. I certainly wouldn't. There are going to be gigantic amounts of bonds coming to the market, and inflation will be coming back.
Twelve months of the Obama Nation will not be sufficient to heal the damage of a half-century's excessive leverage.
We need to return to the culture of thrift that my mother and her generation learned the hard way through years of hardship and deprivation.
8 Really, Really Scary Economic Predictions