Gerald Celente - The Crash That Will Change A Generation...
In this video, Gerald Celente discusses how governments and central banks have created an unprecedented bubble with cheap money, resulting in rising housing and equity markets that should have crashed. Although there will be a correction, he does not predict a 40% decline in housing prices. Celente highlights two wild cards that could affect the economy: inflation and military conflicts, particularly between Israel and Iran. If such conflicts occur, oil prices will rise and economies and equity markets will crash. Furthermore, the commercial office sector is likely to experience a decline, given the low occupancy rates, with businesses going bankrupt due to less commuting and business travel.
Gerald Celente is an American trend forecaster, publisher of the Trends Journal, business consultant, and author who makes predictions about the global financial markets and other important events.
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