Celente – Fade Rally In Stocks, Market Meltdown Coming And It Will Be Brutal
KingWorldNews.com
March 05, 2018
The top trends forecaster in the world, Gerald Celente, issued this major trend forecast.
Major Trend Forecast
March 6 (King World News) – Gerald Celente: “The business media is spreading economic propaganda. In unison, they blamed the Dow’s 420-point drop last week, and the subsequent plunging markets overseas, on President Trump’s announcement that he will impose aluminum and steel tariffs…
Is the business media suffering attention deficit disorder? Or, are they so trapped in their studios, newsrooms and inner-circle cliques that they would all blame tariff-talk for bringing the markets down, forgetting that in early February, equity markets went into a tailspin over fears that the US Central Bank would raise interest rates to contain inflation?
Are a few days ago too far back to look?
This past Tuesday, as new Federal Reserve Chairman, Jerome Powell was testifying before Congress, the Dow closed down 299 points over fears that the Fed would aggressively raise interest rates to keep the economy from overheating.
The cheap money flow that juiced equity markets since 2009 is grinding to a halt. And it’s doing so at a time when the markets are sharply overvalued and overleveraged.
The Rest…HERE
