kingworldnews.com / September 18, 2015
With stock markets plunging around the world, including the Dow falling nearly 300 points, today one of the top economists in the world sent King World News an incredibly powerful piece warning that the central planners’ twisted fairy tale will have a nightmare ending. Below is the fantastic piece from Michael Pento.
A popular Wall Street myth is that bear markets are caused by recessions. The contention is that as long as the economy isn’t in a recession, stock prices won’t drop by more than 20 percent. And since the cheerleaders who dominate Wall Street never predict a recession, they never foresee the bear market that always precedes two negative quarters of GDP growth…
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