Gerald Celente – WARNING: Ignore The Rally As Market Meltdown Is Imminent
KingWorldNews.com
Sept. 30, 2015
Today the top trends forecaster in the world Gerald Celente warned people to ignore the rally because a market meltdown is imminent.
September 30 (King World News) – The Summer of 2015 is one for the financial record books. Since the Shanghai Index began melting down in mid-June, equity markets have been battered, commodity prices plunged and currencies of resource-rich nations and emerging markets tested old lows and hit new ones…
Gerald Celente continues: As conditions deteriorated, the financial world focused on 17 September when the Federal Reserve Open Market Committee (FOMC) would announce if it would raise interest rates for the first time since 2006, or maintain its Zero Interest Rate Policy which has been in place since late 2008. In response to the Fed’s decision not to raise rates due to concerns that China’s economy was slowing and the global economy risked falling into recession, equity markets, commodities and currencies resumed their downward slide.
Then, just one week later, Fed Chairwoman Janet Yellen, speaking at the University of Massachusetts, signaled that the Fed intends to raise rates this year. In response, global equity markets, after a brief upward spike, continued their downward spiral along with commodities and currencies.
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