Noticed some changes? You can read all about the improvements we've made on the Forum in our latest announcement. We also have a new set of Forum rules so please take the time to give them a read and familiarise yourself.

Economist: "80% Stock Market Crash To Strike in 2017"

edited 31 January 2017 at 5:13PM in Savings & Investments
9 replies 2.1K views
jdw2000jdw2000 Forumite
418 Posts
Ninth Anniversary 100 Posts
✭✭
edited 31 January 2017 at 5:13PM in Savings & Investments
The economist in question is James Dale Davidson, who apparently predicted the crashes in 1999 and 2007.

I've watched the 20 minute video for this. He is plugging his book and newsletter.

Underlying themes from he video is that America is built on debt ($18 trillion is the stated figure, but $200 trillion is the real figure when you include other things)... and that additionally all signs point to another, and imminent, stock market crash.

80% Stock Market Crash To Strike in 2017, Economist Warns

January 30, 2017 JL Yastine

Several noted economists and distinguished investors are warning of a stock market crash.

Jim Rogers, who founded the Quantum Fund with George Soros, went apocalyptic when he said, “A $68 trillion ‘Biblical’ collapse is poised to wipe out millions of Americans.”

Mark Faber, Dr. Doom himself, recently told CNBC that “investors are on the Titanic” and stocks are about to “endure a gut-wrenching drop that would rival the greatest crashes in stock market history.”

And the prophetic economist Andrew Smithers warns, “U.S. stocks are now about 80% overvalued.”

Smithers backs up his prediction using a ratio which proves that the only time in history stocks were this risky was 1929 and 1999. And we all know what happened next. Stocks fell by 89% and 50%, respectively.

Even the Royal Bank of Scotland says the markets are flashing stress alerts akin to the 2008 crisis. They told their clients to “Sell Everything” because “in a crowded hall, the exit doors are small.”

Blue chip stocks like Apple, Microsoft, and IBM will plunge.

But there is one distinct warning that should send chills down your spine … that of James Dale Davidson. Davidson is the famed economist who correctly predicted the collapse of 1999 and 2007.

Davidson now warns, “There are three key economic indicators screaming SELL. They don’t imply that a 50% collapse is looming – it’s already at our doorstep.”

And if Davidson calls for a 50% market correction, one should pay heed.

Indeed, his predictions have been so accurate, he’s been invited to shake hands and counsel the likes of former presidents Ronald Reagan and Bill Clinton — and he’s had the good fortune to befriend and convene with George Bush Sr., Steve Forbes, Donald Trump, Margaret Thatcher, Sir Roger Douglas and even Boris Yeltsin.

They know that when Davidson makes a prediction, he backs it up. True to form, in a new controversial video, Davidson uses 20 unquestionable charts to prove his point that a 50% stock market crash is here.

Most alarming of all, is what Davidson says will cause the collapse. It has nothing to do with the China meltdown, Wall Street speculation or even the presidential election. Instead, it is linked back to a little-known economic “curse” that our Founding Fathers warned our elected officials about … a curse that was recently triggered.

And although our future may seem bleak, as Davidson says, “There is no need to fall victim to the future. If you are on the right side of what’s ahead, you could seize opportunities that come along once, maybe twice, in a lifetime.”

Perhaps most importantly, in this new video presentation, Davidson reveals what he and his family are doing to prepare right now. (It’s unconventional and even controversial, but proven to work.)

While Davidson originally intended the video for a private audience only, he recently decided to take his message public … in just a few short months his firm has spent over $10 million getting his urgent message out.

One anonymous viewer wrote: “Davidson uses clear evidence that spells out the looming collapse, and he does it in a simple language that anyone can understand.” (Indeed, Davidson uses a sandcastle, a $5 bill, and straightforward analogies to prove his points.)

With his permission, I reposted the video on a private website. Click here to watch it now

http://banyanhill.com/exclusives/80-stock-market-crash-to-strike-in-2016-2/?z=451509

Replies

  • HappyHarryHappyHarry Forumite
    1.2K Posts
    Sixth Anniversary 1,000 Posts Name Dropper
    ✭✭✭
    Or, to read a different article, he is not a respected economist, and just sells his absurd forecasts:

    http://www.reviewopedia.com/james-dale-davidson-reviews
    Reputation

    Unfortunately it seems as though James Dale Davidson and his newsletter and other products are not likely to really be worth the money or the effort. First, even though Davidson claims to be a world famous economist that is well known for predicting some of the most important global economic events of the past few decades, the reality is that the only context his name is known in at this time is for selling this very newsletter, Strategic Investment.

    So, new sage of the investment world, or self-publicising narcissist? Take your pick.
    I am an Independent Financial Adviser. Any comments I make here are intended for information / discussion only. Nothing I post here should be construed as advice. If you are looking for individual financial advice, please contact a local Independent Financial Adviser.
  • LintonLinton Forumite
    13.9K Posts
    Part of the Furniture 10,000 Posts Name Dropper Hung up my suit!
    ✭✭✭✭✭
    He also predicted the 2015 and 2016 crashes.
  • Zola.Zola. Forumite
    1.7K Posts
    Ninth Anniversary 1,000 Posts Name Dropper
    ✭✭✭
    Aren't many economists legendary for getting things wrong, a lot?
    "Save like a pessimist, invest like an optimist" 
    "The purpose of the margin of safety is to render the forecast unnecessary" 
    "The borrower is slave to the lender."
    "Money is not to buy stuff. Money is to buy freedom."
    "Every bit of savings is like taking a point in the future that would have been owned by someone else and giving it back to yourself"
    "Energy flows where attention goes"
  • dunstonhdunstonh Forumite
    106.4K Posts
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    ✭✭✭✭✭✭
    Even a stopped clock is correct twice a day.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • MalthusianMalthusian Forumite
    8.9K Posts
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
    ✭✭✭✭
    This all feels strangely familiar. Anyone remember this guy from the beginning of 2016?
    Investors face a “cataclysmic year” where stock markets could fall by up to 20% and oil could slump to $16 a barrel, economists at the Royal Bank of Scotland have warned.


    In a note to its clients the bank said: “Sell everything except high quality bonds. This is about return of capital, not return on capital. In a crowded hall, exit doors are small.” It said the current situation was reminiscent of 2008, when the collapse of the Lehman Brothers investment bank led to the global financial crisis. This time China could be the crisis point.
  • ColdIronColdIron Forumite
    6.5K Posts
    Ninth Anniversary 1,000 Posts Name Dropper Photogenic
    ✭✭✭✭
    jdw2000 wrote: »
    The economist in question is James Dale Davidson, who apparently predicted the crashes in 1999 and 2007.
    How many other crashes has he predicted? I'm sure some of them are into double digits by now

    I forget who it was that said Economists only exist to make astrologers look good
    He is plugging his book
    Ah, I see, safe to ignore then
  • jimjamesjimjames Forumite
    14.4K Posts
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    ✭✭✭✭✭
    Malthusian wrote: »
    This all feels strangely familiar. Anyone remember this guy from the beginning of 2016?

    However that was correct. Markets did crash at the start of 2016. The problem was that people who sold didn't get back in before they rose again sharply.
    Remember the saying: if it looks too good to be true it almost certainly is.
  • Jo_BlogsJo_Blogs Forumite
    753 Posts
    Debt-free and Proud! Mortgage-free Glee!
    jimjames wrote: »
    However that was correct. Markets did crash at the start of 2016. The problem was that people who sold didn't get back in before they rose again sharply.

    Exactly......:D
    Saved Nitty Gritty £7440.75 [149%] / £5000-[Sep] £58.44:starmod: for the 'Save 12k in 2017' #157
    2017 Womble #35 £3463.27 ;)Sept NSDs 4/15:staradminCCCChl 9/12 months:D
    Sept PPChl#002 Pts 71
  • reduxredux Forumite
    22.7K Posts
    Part of the Furniture 10,000 Posts Name Dropper
    ✭✭✭✭✭
    I wanna invest with the guy who told Reagan about the 1997 and 2007 crashes.

    Reagan died in 2004. In 1994 he said he was suffering Alzheimer's.
This discussion has been closed.