Third And Most Spectacular Economic Collapse In 15 Years Will Devastate The World
KingWorldNews.com
April 12, 2015
On the heels of another wild trading week in world markets, today one of the top economists in the world sent King World News an incredibly powerful piece warning that the third and most spectacular economic collapse in 15 years will devastate the world. Below is the fantastic piece from Michael Pento.
By Michael Pento of Pento Portfolio Strategies
April 12 – (King World News) – The recent stock market volatility has caused the major averages to lose nearly all their gains for 2015. However, it is clear stock prices are still extremely overvalued by virtually every metric, especially when viewed in the absence of GDP and earnings growth.
For starters, the Cyclically Adjusted PE Ratio on the S&P 500 is currently 27, whereas the normal level for this longer-term valuation metric is just 15. Also, the ratio of Total Market Cap to GDP is currently at 125%. This reading, which measures the value of all stock prices in relation to the economy, is the second highest in history outside of the tech bubble and is far above the 110% level witnessed in 2007….
The Rest…HERE
