VIDEO:
Brace For Stock Market Crash Because Things Are About To Get Really Crazy
Skip the waitlist and invest in blue-chip art for the very first time by signing up for Masterworks: https://masterworks.art/epiceconomist Purchase shares in great masterpieces from artists like Pablo Picasso, Banksy, Andy Warhol, and more. 🎨 See important Masterworks disclosures: http://masterworks.io/cd This is not a drill. An October stock market crash can break out at any moment, experts alert. 2022 has already been a very painful year for investors, with all three major indexes falling into a bear market, stock market volatility remaining at its bumpiest level on record, and over $46 trillion in financial wealth being wiped out from global markets since January. But things could get a whole lot worse as we enter the most dangerous weeks of the year – and previous October crashes offer an eye-opening warning. Last week, Morgan Stanley offered a detailed breakdown of the impending economic dangers that are likely to result in further market losses in the weeks ahead. “This is one of the toughest macro forecasting environments most companies have ever encountered. It seems companies are reaching the point where they can’t take it anymore,” the bank noted. Morgan Stanley strategist Michael Wilson highlights that the “key question in the minds of many investors has once again shifted to when the Federal Reserve is turning — not if,” adding that the economy has entered a “danger zone” in which the Fed policies have become restrictive and the growth outlook is compromised. Wilson says “it’s only a matter of time” before a “quick and furious” market event takes place. Even if September inflation levels do improve, Fed officials have repeatedly said they plan to continue with their policy of elevated rate hikes and have publicly said they’re worried that markets refuse to listen to their messaging. The central bank’s goal of 2% inflation means that an over 6% decline is still needed, which consequently implies that stocks still have a lot of room to fall. Morgan Stanley predicts that the S&P will end the year in a bear market low of between 3,000 and 3,400 points — suggesting that the index, which is already down 21.5% this year, with face another 20% crash. But still, these estimates seem a little too conservative when considering how unhinged stocks really are right now. Many market veterans are even more downbeat about future performance. For instance, John Hussman, who correctly called the dot-com bubble, is warning that stocks will end the current bear market 50 to 70% lower from current levels, “as investor positioning remains inconsistent with fundamentals and valuations linger at historically extreme levels,” he noted. "The way that bubbles unfold into preposterous losses – 89%, 82%, 50%, 55%, and I expect this time between 50-70% – is through multiple periods of decline and even free-fall, punctuated by fast, furious 'clearing rallies' that offer hope all the way down," Hussman said. "By the time investors experience the second or third free-fall, the psychology of investors is not 'this is the bottom' – but rather, 'there is no bottom.'” That thinking, however, is set to cause a lot of shock in the coming weeks. If history is a guide, the next few weeks could throw the market into disarray.Research releas ed by the analyst Clive Hale, head of Clive Hale Consulting, points out that the cumulative impact of escalating geopolitical conflicts, China’s economic slowdown, energy supply shortages, rising interest rates, lower consumer spending, a decline in property prices, and many other problems are setting the stage for the worst October shock seen since 1987 and 1929. In other words, there’s nothing that supports the idea that better days are coming for stocks. The carnage is starting to spread everywhere and the market continues to break. It’s safe to say that this isn’t going to end well, and we have already gotten to a point where this should be obvious to everyone. For more info, find us on: https://www.epiceconomist.com/ DISCLAIMERS: This video is not financial advise. Please see a financial adviser to discuss your own personal situation.
DIMON IS BARACK OBAMA'S FAVE BANKSTER FOR BAILOUTS - 'CREDIT CARD' JOE BIDEN IS FOND OF JAMIE, TOO. THEY LUV THE BANKSTERS AND LUV THE BANKSTER SPEECH FEES EVEN MORE!
Dimon: U.S. ‘Likely’ to Have Recession in Six, Nine Months
During a portion of an interview with CNBC released on Monday, JPMorgan Chase CEO Jamie Dimon stated that he believes that the U.S. is “likely” to enter a recession “six, nine months from now.”
Dimon said, “I think you’ve got to put two things in mind here. Currently, right now, the U.S. economy’s actually still doing well. Consumers have money, fiscal stimulus, they still have more than they had before. They’re spending 10% more than last year, 35% more than pre-COVID, their balance sheets are in great shape. Yes, debt’s gone up a little bit, but not nearly at the pre-COVID levels. And therefore, even if we go into a recession, they’re going to be in much better shape than ’08 and ’09. Companies are in good shape. Credit’s very good. Markets are still open, though rocky and stuff like that. But you’ve got to — you can’t talk about the economy without talking about the stuff in the future, and this is serious stuff, okay. This is inflation, which, obviously, is changing the effect of those numbers that I just told you about, it’s rates going up more than people expected already and probably a little bit more from here, it’s QT, which we’ve never had before. So, therefore, the unknown effects, and you see it today in bond markets around the world and sovereign markets and people selling you a Treasury debt, and it’s the war. And these are very, very serious things which I think are likely to push the U.S. and the world — I mean, Europe is already in a recession — and then they’re likely to put the U.S. into some kind of a recession six, nine months from now.”
Follow Ian Hanchett on Twitter @IanHanchett
VIDEO
Boots on the Grounds....Oct. 10th...The economy is on a slow crash right before our eyes.
Exclusive — Michael Yon: Globalist-Driven Energy Crisis Has Put Europe on Brink of Freezing, Widespread Food Shortages... IS AMERICA NEXT UNDER BIDENOMICS???
Michael Yon, a photojournalist specializing in war and a retired U.S. Army Special Forces veteran, said on Monday’s edition of SiriusXM’s Breitbart News Daily with host Alex Marlow that the manufactured energy crisis in Europe will lead to famines and freezing across the continent.
The government-driven suppression of fossil fuels by “greenists” and “globalists,” Yon observed, inevitably drives up the costs of food due to inflation of nitrogen-based fertilizers and the logistical costs of transporting foodstuff commodities.
“We’re actually beyond the precipice at this point,” Yon stated. “We’re falling. It’s too late. There’s going to be famine, and the question is, ‘How big and how many people are going to get hit?'”
Fossil fuels cannot be replaced by alternatives marketed by the left as “green” and “renewable” sources of energy, Yon held.
He said, “Some people talk about energy as if everything’s interchangeable, as if solar panels and windmills and nuclear plants can replace natural gas, which [they] simply cannot.”
“Now, of the 26 major plants in Europe that produce nitrogen-based fertilizers, all of them are either closed down or almost closed down,” Yon added. “This will lead to famine. It’s just mathematics at this point.”
The sabotage of the Nord Stream pipeline exacerbated an ongoing energy crisis that had already driven Germans and others Europeans to cut down trees for use as heating fuel in winter.
“People are going to literally freeze to death in Germany,” Yon warned. “They’re going to freeze, and then they’re going to starve,” he said of Poland and other European countries.
Yon projected that government-driven suppression of fertilizer production, marketed as a measure to combat “climate change,” will further drive famines in Brazil and India due to globalization of relevant supply chains.
“Countries like Brazil and India, who are entirely dependent on European nitrogen-based fertilizers, they’re simply going to have famine,” he remarked. “There’s just no way out of it at this point.”
Yon has repeatedly cautioned of a growing “triangle of death” and “human osmotic pressure” causing mass migration driven by globalist machinations: pandemics, famines, and wars.
Pandemics, famines, and war “go together,” he emphasized. “You get one, you always get the other two. There is no exception. If you get a large war or a large famine or a large pandemic, you will always get the other two. No exception.”
Yon concluded by highlighting his editorial independence built upon audience and reader support, including a professional fundraising campaign hosted on GiveSendGo.
Breitbart News Daily broadcasts live on SiriusXM Patriot 125 weekdays from 6:00 a.m. to 9:00 a.m. Eastern.
Follow Robert Kraychik on Twitter @rkraychik.
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