The confidence game is almost up warns Prudent Bear Fund President David Tice. And when the economic recovery and stock market build-up is finally revealed for the conjecture that it really is we’ll have a sell-off of unprecedented proportions.
Markets could soon face a fall of up to 60 percent, two experts told CNBC on Wednesday.
A jolt to international confidence in central banks will lead to a 30 to 60 percent market decline, David Tice, president of Tice Capital and founder of the Prudent Bear Fund, told CNBC’s “Power Lunch.” When this happens, he said, markets will face a “period of extreme turmoil.”
This crash will be precipitated, he said, by a disillusionment with the Federal Reserve’s “confidence game,” which will then see inflation rise, and the Fed scramble to raise rates. At that point, Tice added, “the Fed starts to lose control.” (CNBC)
Buckle up, because there is no stopping what is coming. The signs for an impending catastrophe can no longer be ignored.
What happens next is anyone’s guess, but given the seriousness of the crisis in 2008, we should expect the entire bottom to fall out of not only stock markets, but the economy and the U.S. dollar as well.
Written by: MAC SLAVO of SHTF PLAN where you can read his complete article.