On Aug. 8, Gerald Celente, the world’s recognized leader in trends forecasting, came out in an interview with King World News and publicly predicted that there will be a global stock market panic and collapse before the end of 2015. Citing the fact that global deflation in oil and other commodities is already signalling recessions in countries such as Canada, and in economies all across Europe, stock markets which have already seen declines of up to 35% in some regions of the world will culminate in a global meltdown like the one seen just seven years ago in 2008.
Gerald Celente has a well documented track record of forecasting major economic events, which include the 1987 stock market crash (documented in the Wall Street Journal prior to the event), the Dot Com bust, and most recently, the Panic of 2008 where Celente even purchased a domain with that very name close to one year before the Credit Crisis actually took place.
Eric King: Let’s start off with the stock market because you want to make an announcement on King World News with a prediction.
Gerald Celente: Rarely do I ever put a date on market crashes. I did it in 1987… I forecast the 1987 stock market crash which was in the Wall Street Journal. The Panic of 08 and as everyone knows we took out the domain name in 2007. The Dot Com bust we did in October of 1999, and said it would fail in the second quarter of 2000. All of those are documented on our website, Trendsresearch.com on the forecast page.
Yet I got it wrong when I believed following the Panic of 08 we’d have the big collapse in 2010. I had no idea they would invest a thing called Quantitative Easing. I had no idea they would keep zero percent interest rates as a matter of policy that still exists today.
However, I’m ready to forecast now that between now and the end of the this year… the end of 2015, we are going to have panic on Wall Street. And there is going to be panic of the streets (more than Wall Street). The bottom has fallen out and they’re only keeping ponzi alive with this monetary methadone that’s no longer able to fix his habit. – King World News interview, Aug. 8
Gerald Celente is not the only analyst or forecaster to predict a coming market crash or collapse before the end of this year, but he may be the most credible. Back at the end of July, economist Albert Edwards of France’s largest bank Societe Generale forecast that because of central bank interventions, a collapse is coming to the global markets which will be much greater than that experienced in 2008, and that their response to this crisis will be a churning of the printing presses so great that they will be able to be ‘heard on Mars’.
Asian markets, both in China and in Japan, are right now highlighting a global spiral that is affecting not just commodity prices, but bonds, equities, and monetary liquidity. And as the U.S. follows the same line it did in 2007, when it dropped more than 1000 points in its stock markets just a few months after reaching new all-time highs, the chances are quite strong that the forecast by Gerald Celente of a new panic and global stock market crash is not only inevitable, but likely to occur within the time from he is predicting for the end of the year.