Moneymoney

Thu Jun 13, 2019, 08:07 PM

70% Stock Market Crash to Strike July 1, Economist Warns

https://banyanhill.com/exclusives/70-stock-market-crash-to-strike-august-1-economist-warns/?z=974344

70% Stock Market Crash to Strike July 1, Economist Warns

Several noted economists and distinguished investors are warning of a stock market crash. For example, former budget director for the Reagan White House, David Stockman recently raised a red flag when he declared an economic collapse is imminent. He went on to say: “There surely is a doozy just around the bend.”

Scott Minerd, Chairman of Investments and Global Chief Investment Officer of Guggenheim Partners, warns: “The markets are potentially on a collision course for disaster … once we reach a peak we’ll probably see a 40% retracement in equities.”

Paul Tudor Jones, the famed hedge fund manager and founder of The Tudor Group, is credited for calling the October 1987 market crash, now says that while “we have the strongest economy in 40 years … it is unsustainable.”.....

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Reply 70% Stock Market Crash to Strike July 1, Economist Warns (Original post)
imwithfred Jun 13 OP
batcat Jun 14 #1
imwithfred Jun 14 #2
batcat Jun 14 #3
uncledad Jun 14 #4
outside Jul 6 #5

Response to imwithfred (Original post)

Fri Jun 14, 2019, 02:35 AM

1. The liberals would be willing to help the stock market collapse if it would mean ...

Trump would lose in 2020.

Liberals don’t give a good crap about our nation. The ONLY thing they care about is getting rid of Trump.

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Response to batcat (Reply #1)

Fri Jun 14, 2019, 02:37 AM

2. What's funny is that we have a couple of leftist members here who seem to care very

much about the stock market. One wonders why? Is their greed more important than their Democrat, primitive, and anti-capitalist principles?

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Response to imwithfred (Reply #2)

Fri Jun 14, 2019, 03:33 AM

3. Intelligent people including liberals often invest in the stock market. ...

It’s not just greed but good common sense. Unfortunately the stock market has its risks.

The ultra rich often benefit from a stock market crash as they sell off their stock market investments and buy in again when the market hits bottom. It takes money to make money.

A stock market collapse can lead to job loses and consequently lead to financial ruin for many in the middle class and the poor. It can delay retirement and negatively effect the life of those who are retired.

However it can also cause people to reject capitalism and embrace socialism. If the market collapses Trump’s chances of being re-elected diminish considerably. Many in the Democratic Party would be willing to suffer if it meant the Trump presidency would last only four years and a Democrat would take over the Oval Office. So from the liberal viewpoint a stock market collapse may have both a plus side and a negative side.

Of course those who want to make America great again want to see a rising stock market. They want to see everybody benefit.

In passing there are benefits from a little socialism in a well preforming capitalistic society. It’s like adding hot sauce to your meal. A little goes a long way but too much can ruin your enjoyment and lead to heartburn and the dreaded ring of fire.

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Response to batcat (Reply #3)

Fri Jun 14, 2019, 09:05 AM

4. Excellent synopsis.

The stock market could falter and trump could still be re-elected. Although, I personally don't think he can win, there is a margin that could swing in his favor, if he gets a better trade deal with China.

A recession may not be as severe as the last one. Pretty sure thinking people on both sides want to avoid that big a downturn. We could see a dot com bubble burst similar to 2000. That's what I think the direction will be.

The bigger problem is the overhang of private debt, both consumer and corporate. If a recession blows a hole in employment, the ripple affect will be deeper and last longer.

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Response to imwithfred (Original post)

Sat Jul 6, 2019, 05:45 PM

5. It will fall someday.

In 3 months this prediction will be forgotten and the same boobs will be talking about a great buy in US equities.

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