The Dire 2016 Predictions Of One Of The Top Economists In The World
KingWorldNews.com
December 29, 2015
Today one of the top economists in the world sent King World News an incredibly powerful piece about his dire predictions for 2016. Below is the fantastic piece from Michael Pento.
Michael Pento’s 2016 Predictions
The S&P 500 falls more than 20% as it finally succumbs to the incipient global recession.
Janet Yellen states in the 1st half of 2016 that the Fed will not be willing to increase the Fed Funds Rate any further and subsequently hints at another round of QE before the end of 2016.
As a consequence of this tacit admission of failure by the Fed to save the economy from the Great Recession, the US Dollar crashes below 90 on the DXY.
Gold and the miners will be the major winners next year as they will be the primary beneficiary of a global slowdown, continued low nominal interest rates, negative real interest rates and a watershed turn in the value of the USD as the yellow metal surges to $1,250. The second place winner will be shorting high-yield debt (which is currently a profitable trade for PPS clients) and buying put options on high-flying NASDAQ momentum stocks that are trading at monstrous PE ratios and whose prices will collapse because of a deceleration in the US economy.
The Ten-year Note yield will fall below 2% by June on pervading recession concerns.
Finally, after the dust settles from this anticipated huge selloff, there will be a tremendous opportunity from owning high-divided paying foreign stocks, which have already been mercilessly beaten down during the commodity bear market debacle of the last few years.
The Rest…HERE
