Celente – Positioned For A Global Meltdown
KingWorldNews.com
May 17, 2018
The top trends forecaster in the world, Gerald Celente, just warned that we are now positioned for a global meltdown.
Positioned For A Meltdown
May 17 (King World News) – Gerald Celente: “Beyond the prospect of Middle-East War, equity markets worldwide, based on our tracking of several key economic indicators, are positioned for a meltdown whether or not war erupts…
Since the Panic of ’08, markets have been artificially propped up with cheap money fueling merger and acquisition activity and stock buybacks, both of which have now accelerated to record-setting levels as a result of President Trump’s corporate-friendly tax bill.
THE TOXIC RECIPE
When equities began their decline in February, it was based on the fear of rising interest rates. On Tuesday, Treasury bond yields hit its highest level since 2011, peaking at 3.09 percent. As investors see the higher yields as a safe investment vehicle, they’ll pull away from investing in stocks.
Also on Tuesday, emerging market currencies sunk deeper as the dollar climbed to its highest perch since December on the news that robust retails sales in the U.S. would likely prompt the Federal Reserve to raise interest rates three more times this year.
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