Richard Russell: WARNING – People Need To Be Prepared For Some Shockingly Negative News
KingWorldNews.com
Oct. 9, 2015
With continued uncertainty in global markets, the Godfather of newsletter writers, 91-year-old Richard Russell, just warned people to be prepared for some shockingly negative news.
Richard Russell Warning
October 9 (King World News) – Richard Russell – “The Russell scenario: economic statistics come out and they are shockingly deflationary. The Fed and central banks around the world are shocked by the deflationary statistics. As a result, the world of central banks opened their spigots in a desperate attempt to hold back deflation and produce 2% of core inflation…Massive make work programs as per the 1930’s are put in place. With central banks around the world spewing forth currencies, there is a good chance that hyperinflation will make its entrance.
The stock market and the precious metals are already discounting my scenario. The market is having a follow through day after yesterday’s strong action. Industrials and Transports are up triple digits. With industrials above 17,000 again. Transports back above 8,000. The NYSE is up 102 and back above 10,000 again.
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