Scientist Predicts 60% Market Collapse

Monday, 29 Apr 2013 07:23 AM

Chris Martenson is a world-renowned expert on identifying dangerous, yet hidden, exponential growth patterns in global economies, energy demand, and food consumption...

And he is predicting a 60% stock market collapse will strike in the next three months.

Martenson’s opinion isn’t to be taken lightly, as his research is highly regarded by the United Nations, UK Parliament, and Fortune 500 companies.

His shocking forecast is based on a new alarming pattern he’s identified — he’s calling it “a dreaded triple top” (pictured below).

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In a recent interview, Robert Wiedemer — an economist best known for correctly predicting the collapse of the U.S. housing market of 2006 and the stock market collapse of 2008 — provides disturbing evidence for 50 percent unemployment, a 90 percent stock market crash, and 100 percent annual inflation . . . starting this year

THWOTH wrote:It was my understanding that a so-called 'proper' economists doesn't do predictions, just analysis, and any economist doing predictions should really be called a charlatan! I guess we'll see if Dr Martenson is a charlatan or not in...

Evolving wrote:I don't think economics does "predictions" in the same way as the natural sciences, where you work out that, if the theory is right, you'll be able to measure a certain predicted result if you set up an experiment in a certain way, which you can then test against a control experiment.

This prediction is more like "global temperatures will rise if humanity doesn't cut back on the fossil fuels".

GT2211 wrote:I consider neither in the OP as scientists and am willing to bet a fairly substantial sum that Wiedemer goes 0 for 3 on his predictions.

"I see recessionary signs all over the landscape. In particular, Europe is already in recession [and] Japan is already in recession," he says. "We are looking at global economic slowdown."

As for corporate earnings, a stronger U.S. dollar could bring down profits this year, Martenson believes. Corporate profits currently account for 11% of GDP, which is way outside the norm of 6% of U.S. growth. He's also bearish on the U.S. economy and sees weakness in sectors that have shown improvement like the housing market.

Will the Federal Reserve's $85 billion monthly stimulus program continue to inflate asset prices?

"Fundamentally there always has to be some connection between where markets actually are and their price," Martenson says. He believes the Fed's monetary policy has reached a point of diminishing returns and could result in "a pretty significant" market pullback.

FACT-MAN-2 wrote:

GT2211 wrote:I consider neither in the OP as scientists and am willing to bet a fairly substantial sum that Wiedemer goes 0 for 3 on his predictions.

You're a brave man and you are whistling past the graveyard.
This fellow has an awfully lot going for what he predicts, you just have to dig deep to see it.

His timing may be off by some margin, even a fairly wide margin like a year or two, but a 60 per cent (or more) drop in the market is almost inevitable given the way bubbles work,and make no mistake, we're in the midst of another bubble, a blind man could see this.

It's kinda funny because people never like to admit that something like this just may have some validity, they don't want to believe it, they are emotionally incapable of accepting it. They want to hear about roses and sunshine and ever rising markets and they'll beat you over the head if you spoil their little fantasy dreamworld.

Wiser more experienced and honest men know better.

Loren Michael wrote:This is why I'm in favor of betting markets.

FACT-MAN-2 wrote:

Loren Michael wrote:This is why I'm in favor of betting markets.

Ahh, a gambler.

Loren Michael wrote:Shit, people make black swan predictions here all the time. The perfect storm for political and economic upheaval are always just around the corner. A put-up-or-shut-up mechanism would end a lot of what amounts to white noise.

FACT-MAN-2 wrote:Gambler's almost always lose, the entire city of Las Vegas is built on it, Atlantic City too (well, et least before Sandra had her way), and hundreds of casinos on Indian lands across the nation, not to mention Macao and Dubai and that famous little resort destination city on the Riviera.

FACT-MAN-2 wrote:

Loren Michael wrote:Shit, people make black swan predictions here all the time. The perfect storm for political and economic upheaval are always just around the corner. A put-up-or-shut-up mechanism would end a lot of what amounts to white noise.

No one I know of has said "economic upheaval (is) just around the corner," so please find a quote and substantiate your claim, or retract it as false.