Gerald Celente Just Issued 2nd Major Trend Alert Of 2019
Gerald Celente Just Issued 2nd Major Trend Alert Of 2019 from King World News
Today the top trends forecaster in the world, Gerald Celente, just issued the second major new trend alert of 2019.
Economic 9/11 Delayed – Temporarily
January 10 (King World News) – Gerald Celente: On September 19, 2018, two days before the S&P 500 peaked, we warned Trends Journal subscribers to prepare for an “Economic 9/11” terror strike.
Beyond our forecast for a slowing global economy that was artificially inflated, as were equity markets with negative/zero interest rates, plus $26 trillion of central bank Quantitative Easing policies, there were signals from the U.S. Federal Reserve that they would raise interest rates in December, which it did, and three to four times in 2019…
The financial world was hooked on unprecedented injections of monetary methadone that central banks injected into the system following the Panic of ’08 that created a $250 trillion debt bubble.
Thus, with rates expected to rise, not only would the cost of servicing the debt, much of it dollar based, increase, but the cheap money flowing into equities that artificially inflated the bull markets, would dry up.
Within weeks of our forecast, markets across the globe continued their downward dive and U.S. equities, which were riding high, would fall into bear and correction territory.
With U.S. equities falling deeper into correction territory and the tech-heavy Nasdaq plunging into bear territory, down over 20 percent from its high, Treasury Secretary Steve Mnuchin on Sunday, 23 December, called the CEOs of the nation’s six largest banks to get their assurances that they were liquid and able to make loans.
But rather than Mnuchin boosting up confidence, the stock market tanked the following trading day, with the Dow losing 651 points.
Later that Monday, Mnuchin hosted a call with President Trump’s Working Group on Financial Markets, known as the “Plunge Protection Team,” and markets then began their resurgence.