On the heels of Chinas stock market plunging more than 5 percent, today the man who has become legendary for his predictions on QE, historic moves in currencies, and major global events, spoke with King World News about the trigger for the implosion of the world economy.
Today one of the top economists in the world sent King World News an incredibly powerful piece warning that panic is increasing as global super-bubbles begin to burst. Below is the fantastic piece from Michael Pento.
With continued uncertainty in global markets, today a legend in the business warned about the depletion of China’s massive reserves and a potential derivative nightmare in the crude oil market.
We just witnessed something not seen since the 2008 collapse.
As panic continues to engulf global markets, today a legend warned King World News this has been a long time coming, there is no saving this market and the carnage will only get worse.
As the Chinese stock market plunged over 7 percent before trading was halted for the second time this week, today a 50-year market veteran warned King World News that the global collapse is accelerating as worldwide panic increases and historic super-bubbles begin to burst.
With the Dow trading down over 252 points, crude oil tumbling another $2, and gold surging, today King World News is pleased to share a fascinating piece which looks at the ongoing carnage in the crude oil market, the strength in gold, and Louise Yamada weighs in as well.
The last time this happened there was a wave of financial turmoil.
With a volatile opening to global markets to kickoff the year, today King World News is pleased to share a major warning from Peter Boockvar as well as Bill Fleckenstein’s outstanding second wrap of 2016!
After a chaotic first day of trading to open 2016, today King World News is featuring a powerful interview with one of the greats in the business that include to remarkable gold and silver illustrations that will shock people.