Live World Indices are powered by Investing.com
Wednesday, 25 May 2016
Top Gurus See Trillion Dollar Market Crash
Last year, we were the first financial site to explain how the Shemitah seven-year cycle would have an important and disastrous effect on the markets. The Shemitah ended in the third quarter of last year and just as we predicted, it was the worst quarter in worldwide stock markets since the last Shemitah in 2008.
Since then we have been the leader in explaining further Shemitah trends embedded in the once-every-49-year, Jubilee Year. The Jubilee Year ends on October 2nd of this year, and we expect even worse events to occur as October approaches.
Now, famous investor, Jim Rogers, has just released a new warning saying the same. He is even using biblical references to warn of a financial tsunami that could take place either this year or next. He has just said, “A $68 trillion ‘Biblical’ collapse is poised to wipe out millions of Americans.”
Rogers co-founded the Quantum Fund with George Soros in the early 1970s. The fund generated returns of 4,200 percent over 10 years and made fortunes for both men. Soros and Rogers, having worked together for so long, probably both have access to information the regular person doesn’t. Soros recently was in the news for shorting the stock market and making gold his largest held asset and predicting an impending crisis.
As the pendulum of market sentiment swings back towards the bears amid weak economic data, a stabilizing U.S. rig count and the hopeful return of Canadian production, oil prices are starting the week looking lower. Hark, here are six things to consider relating to the oil market today: 1) Japan kicked off a bearish economic tone overnight, with exports falling for a seventh consecutive month – driven by recent strength in the Yen. Imports fell a whopping 23.3 percent, the biggest decline since October 2009. As we know all too well, all paths lead back to energy, hence it is no surprise to learn that lower oil and gas prices contributed the most to the decline. Japan’s trade surplus was […]
The commodities market has turned a corner and prices are unlikely to return to lows hit in the first quarter, according to Citigroup Inc., which boosted forecasts from metals to grains amid the oil-led recovery. The bottom was likely hit this year when weak fundamentals across all commodities were reinforced by bearish selling after the collapse of China’s equity markets, Citigroup analysts including Ed Morse wrote in a report Tuesday. The bank is now predicting Brent oil will climb to $50 a barrel in the third quarter, earlier than its previous forecast for the fourth quarter, while increasing its year-end gold estimate by $100 an ounce to $1,250. “This recovery is starting in the oil sector, where market fundamentals are tightening much faster than we had forecast at the start of the year,” the analysts wrote. “Across the industrial metals, markets are also slowly firming and prices bottoming as […]
- Top Gurus See Trillion Dollar Market Crash
- Is US Dollar Crash Possible?
- EU Break-Up May Trigger Economic Dark Ages
- EYE on the World - Climate Troubling Times
- Unprecedented Collapse of #Venezuela Imminent
- Gold Prices May Have "Odd Job" Ahead
- Central Banks Selling -Off US Treasury Bonds
- KEY Outlook: India to Lead 2016 #Auto Sales Growth...
- Three Bad Boys Investors Need Watch
- Energy Industry Share Sales Start to Raise Cash
- Listed Chinese Companies Earnings Drop
- Are China's Banks Too Big to Fail?
- China Still Displaying Financial Stress Signals
- Exxon Mobile Reports Terrible 63% Profit Decline
- ▼ May (14)
- ► 2015 (91)