that stock markets could fall another 50% from here. Horwitz attributed his forecast to the Fed hiking rates amid what many believe to be a recession.. ‘[The U.S. central bank is raising rates during a recession,” Horwitz said to Lin. “It’s never been done in history … There is a political agenda behind all of this stuff that’s going on, which is to try to create the Great Reset.
[Biden’s] administration is looking to get the Great Reset. There is going to be no middle class left. Horwitz also talked about Powell’s commentary at the Jackson Hole Symposium in Wyoming. The market strategist said: “[Powell’s] remarks are those of an idiot,” highlighting that at last year’s Symposium Powell stated that inflation was transitory.
“[Jerome Powell] is trying to get away from what’s going to happen, which is going to be hyperinflation,” Horwitz opined. “Wait until the price of oil starts skyrocketing again. What do you think is going to happen to inflation then? We’re going to have a food shortage this year. We’re going to have food riots in many countries,” the strategist added.
The bubbatrading.com analyst concluded that equities are going to suffer but there still may be some opportunistic value out there in commodities markets. “Overall, I expect to see a 50 to 60 percent haircut in these [equities] markets,” Horwitz said. “If anybody looks at their own finances, they can certainly see that it’s recessionary times and they’re watching their spending.”
I knew this was coming. What have other people been thinking?
Bitcoin will down to $13K but not below $10K