Macro Economist Henrik Zeberg Warns Worst Market Crash Since 1929 Incoming
Macro guru Henrik Zeberg is issuing a dire warning to buyers, saying {that a} sort of market meltdown not witnessed in almost a century is across the nook.
Zeberg shares together with his 102,100 Twitter followers a chart that exhibits how the NAHB (Nationwide Affiliation of Dwelling Builders) Housing Market Index (HMI) and the US unemployment fee have a tendency to maneuver in tandem with one another.
The HMI seems on the well being of the US housing market by score the relative stage of present and future single-family house gross sales.
In keeping with Zeberg, the HMI and the US unemployment fee are behaving eerily just like the way in which they did through the 2007 housing market meltdown that triggered the Nice Monetary Disaster.
The macroeconomist additionally predicts a large inventory market rally because the housing market collapses.
“The similarities are scary!
EQUITY BLOW-OFF TOP COMING then LARGER MARKET CRASH THAN 2007-09 (and actually worst since 1929).”
In keeping with Zeberg, the high-profile collapse of Silicon Valley Financial institution (SVB) may trigger a series response that ignites his predicted surge within the inventory market.
“SVB is the catalyst for FED [Chair] Powell to PAUSE!!
This at a time the place the financial system isn’t in recession.
The market response can be an EXTREME RALLY TO all-time highs earlier than recession units in and markets crash in largest crash since 1929.”
Zeberg additionally says that he expects the US financial system to be in a downturn earlier than this yr expires.
“100% US will enter a recession at finish of 2023.”
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Featured Picture: Shutterstock/Tithi Luadthong/Natalia Siiatovskaia
