Stock market will crash in 60 days, best-selling author on Lehman collapse warns

that the central bank policymakers are prepared to pick up the pace of rate increases, as they’re expecting to go higher than previously thought.There's a high probability of a stock market crash in the next 60 days, The Bear Traps Report founder Larry McDonald said on"Mornings with Maria" Wednesday.

McDonald argued for every 1% increase in rates, $50 billion is taken "out of the pockets of middle-class families." "Auto loans right now are approaching 14%, almost 20% of auto loans are one thousand a month, and so the middle-class families are getting hammered here," the expert pointed out. "So the consumer pressures are violent, but on the high end, the wealthy are doing well with excess savings and higher interest rates."

kristenaltus Scary

Good

Good

When the market crashes - should I buy silver crude or wheat?

Kinda reminds me of how Noah wasn't taken seriously either. And then it started to rain...

7 actually.

Cost of blindly pursuing a 2 % inflation target shall be high in terms of massive unemployment. The federalreserve should abandon 2 % inflation target for a 2.5 - 3 % target, which can be achieved with full employment as economy is now more versatile.

These people crack me up, and they are overpaid.

WSJ headline 3/7: 'The Recession That's Always Six Months Away'. Whistling past the graveyard.

Na, it's definitely this month.

Bullish.........

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