No One Knows...Fellow is Predicting a Stock Market Crash in 60 Days

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Cliff_N
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No One Knows...Fellow is Predicting a Stock Market Crash in 60 Days

Post by Cliff_N »

https://www.foxbusiness.com/markets/stock-market-crash-60-days-best-selling-author-lehman-collapse

After Federal Reserve Chair Jerome Powell indicated the bank isn’t finished raising rates, one market expert has warned a crash could come in a matter of days.

"They're playing catch up, and while they were doing quantitative easing in 2021, inflation started to rage and now they're trying to catch up," The Bear Traps Report founder Larry McDonald said Wednesday on "Mornings with Maria."

"Our 21 Lehman systemic risk indicators that look at equity and credit point to one of the highest probabilities of a crash in the stock market looking out 60 days," McDonald, who is also known for writing a best-selling book on the Lehman Brothers collapse, cautioned.

The withdrawal of capital from middle-class families has been "spectacular," McDonald argued, as the Fed continues its most aggressive rate hike campaign since the 1980s to crush decades-high inflation. Although the consumer price index has slowly fallen from a high of 9.1% notched last June, it remains about three times higher than the pre-pandemic average.

BUFFETT'S BERKSHIRE STOCKS UP ON MORE OCCIDENTAL PETROLEUM SHARES

On Tuesday, Powell stressed on Capitol Hill that the central bank policymakers are prepared to pick up the pace of rate increases, as they’re expecting to go higher than previously thought.
ChuckGeb
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Joined: Thu Nov 21, 2013 2:46 pm

Re: No One Knows...Fellow is Predicting a Stock Market Crash in 60 Days

Post by ChuckGeb »

https://video.foxbusiness.com/v/6322150122112#sp=show-clips

Strap in!
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