America, it seems, is in a quagmire: if the U.S. Federal Reserve hikes interest rates aggressively, there’s the risk of slowing the economy down; and yet, failing to raise interest rates could cause a run on the dollar. On top of that, we’ve got the yield curve flattening and on the cusp of inverting. Is the Fed, and ultimately the nation, in a no-win situation?
We’re fortunate enough to have access to the greatest minds in finance, and in this case we brought a market legend onto our program. Because of his spot-on track record of accurate predictions, Portfolio Wealth Global is delighted to have had the opportunity to speak with Gerald Celente, Director at TrendsResearch.com and one of the top trend forecasters in the world.
Mr. Gerald Celente, who developed the Globalnomic methodology to identify, track, forecast and manage trends, is a political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom, Celente, whose motto is “think for yourself,” observes and analyzes the current events forming future trends for what they are — not for the way he wants them to be.
A prolific writer, Gerald Celente is the author of Trends 2000 and Trend Tracking as well as the publisher of The Trends Journal. He has been forecasting trends since 1980, and famously called the collapse of 2009.
Courtesy: Gerald Celente
Mr. Celente has made many media appearances, including on Oprah, CNN, The Today Show, Good Morning America, NBC Nightly News, C-Span and CNBC. He has been cited in The Economist, The Chicago Tribune, The Los Angeles Times, Entrepreneur, USA Today, and numerous other publications.
In order to fully showcase Gerald Celente’s extensive knowledge, Portfolio Wealth Global has just published an exclusive report that profiles Mr. Celente’s amazingly accurate over the past 30 years – make sure that you go here to download the complete report.
Portfolio Wealth Global asked Mr. Celente about the sticky situation that the Fed finds itself in today, and how we got to this point in the first place. According to Gerald Celente, the only thing that propped up the equities markets since the panic of 2008 was the cheap money flow provided by the U.S. Federal Reserve.
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Mr. Celente used Japan as an example of what can happen as a result of quantitative easing gone wrong. According to Gerald Celente, Japan’s third-quarter GDP growth plunged into negative territory – despite a consistent policy of negative interest rates.
So yes, the Fed is in a trap, according to Gerald Celente, and the only thing that will keep the U.S. markets afloat are lower interest rates; when interest rates go up, the markets go down. Moreover, the tax cut money given to corporations was put into stock buybacks – to the tune of $1 trillion of stock buybacks in 2018.
Courtesy: Gerald Celente
When the cheap money flow stops, that’s when the economy goes down – and so, too, will the U.S. dollar, according to Gerald Celente. The only thing saving the dollar now is the dire situations in other countries: the Chinese yuan is in a seven-year low against the dollar, for example.
Wherever you look, the situation is dire: in China you’ve got car sales down 13% in November and declining several months in a row; it’s the worst losing streak since 1990. China’s housing market and luxury goods sales are also going down, according to Gerald Celente.
Over in Europe, Germany recently reported a much weaker GDP than anticipated and the DAX 600 down over 10%; in Great Britain, the FTSE 100 is also down over 10%. And in emerging markets, we’re seeing many of their markets in bear territory, down over 20%. Hence, what’s keeping the dollar afloat is that there’s no competition – a temporary situation, according to Gerald Celente.
Mr. Celente covered a range of vital issues in his interview with Portfolio Wealth Global, so be sure to watch the entire presentation for all of Gerald Celente’s insights. You can also tap into Mr. Celente’s extensive knowledge base through his website at TrendsResearch.com, as well as in our must-read report profiling Gerald Celente’s stunningly accurate predictions, which you can go here to download right now.
Best Regards,
Tom Beck
Research Partner, PortfolioWealthGlobal.com
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