70% Stock Market Crash to Strike October 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.”
And John Hussman, President of Hussman Investment Trust, says that when the market crashes we can expect “a market loss on the order of 60%.”
But there is one distinct warning that should send chills down your spine … that of famed economist Ted Bauman. Bauman and his team correctly predicted the collapse of 1999 and 2007.
Bauman now warns: “There are three key economic indicators screaming SELL. They don’t imply that a 70% collapse is looming, it’s already at our doorstep.”
And if Bauman calls for a 70% market correction, one should pay heed.
Indeed, over the last three decades he accurately predicted the financial crisis of 2008, the dot.com crash of 2000, the recession of the early 1990s and the 1987 crash.
And when Bauman makes a prediction, he backs it up. True to form, in a new controversial video, Bauman uses over a dozen indisputable charts to prove his point that a 70% stock market crash is here.
Most alarming of all, is what Bauman says will cause the collapse. It has nothing to do with interest rates, government debt, tariffs, China or North Korea. Instead, it is linked back to a little-known scheme that was deemed illegal for triggering the 1929 market crash … a scheme that was made legal again.
And although our future may seem bleak, as Bauman says: “There is no need to fall victim to the future. If you are on the right side of what’s ahead, you could seize opportunities that come along once, maybe twice, in a lifetime.”
Perhaps most importantly, in this new video presentation, Bauman reveals what he and his family are doing to prepare right now. (It’s unconventional and even controversial, but proven to work.)
While Bauman intended the video for a private audience only, original viewers leaked it out and now tens of thousands are downloading the video every day.
One anonymous viewer wrote: “Bauman uses clear evidence that spells out the looming collapse, and he does it in a simple language that anyone can understand.” [Indeed, Bauman uses a lamb analogy to prove his points.]
With his permission, I reposted the video on a private website.