Tip:
Highlight text to annotate it
X
walter zimmerman
i'm no relation to george government be racist ***
are that's a little unfair
the racist manslaughter
uh... this guy walters armament
is the senior technical analyst at united icp
uh... he's an expert on all things economics all things stock market
related
and he has come out and said that every indicator i follow shows that the market
is going to take
and there will be a brand new financial crisis
now this is something i've been talking about for a while
and it's fascinating to see
that i mean think about the lead up to the two thousand eight
great recession right what happened
u_s_ c_n_b_c_ the business network they're supposed to be experts on stocks
in economics
there's all of my live my odds got to be a great world well everything's looking
up in a precious
what happening experts are thought that uh... you guys
of the has no you're talking about turns out no they know nothing about about
economics they don't know thing about the stock market
and all their predictions were wrong and honestly that goes for up across the
media except maybe a handful of people who saw it coming
so uh... the media the horrible job predicting these things the same thing
is going on right now
so the stock market is at record highs corporate profits are at record highs
and uh... you know maybe there's a little bit of people
alluding to water haha sustainable this is but nobody's really coming out and
saying having another economic crisis is coming
well this guy's saying it
on seeing it as well
i wanna read you has some of uh... what he said specifically say get a better
idea of race coming from
quote
most of the rally in the stock market since two thousand and nine can be
chalked up to the federal reserve's attempts
to create a wealth effect through higher stock market prices
this only exacerbates the downside risk
why
the stock market is no longer lead indicator for the economy is instead of
reflecting fed manipulation
pushing the stock market higher while the real economy languishes has resulted
in another
so i mean it
is just one of the laws of nature to which is the sad part about this that
people are catching on
what goes up must come down
so you know throughout history the stock market has had its believes it's at a
spa sts and usually when there's been in on a reasonable amount of growth in a
short amount of time
what happens
it all comes crashing down and it turns out to be a house of cards same things
going on right now
so quote the next leg
down
will not be a partial correction of the advance since the two thousand and i
loads
it will be another major
financial crisis
the worst is yet to come
so this guy is sounding the alarms man
and there's another reason why i wanted to bring this up which i think is even
more important
so
when things do go south on obviously i can't give you a date i don't have a
crystal ball
but just know that eventually
it's going to happen right
but when things do go south
then everybody are my guy who does all this coming what's gonna happen no you
know why uh... eccentric setup
and uh... their program later wisdom
is that it's going to be morocco obama's fault it's gonna be the democrats walt
and it's gonna be because i didn't know what they're doing in terms of economics
and i'm going to warn you would advance in fact i'll give you the facts in
advanced
it's not because we didn't go
but it's not because we went to progressive it's because we didn't go
progressive anot
is because the so-called financial reform in regulation that we did
uh... under dot frank
didn't go nearly far enough so the problem is gonna be the same problem
that led to the first problem
which is
wanton deregulation
which is
greed run amok
which is wall street leading to the crisis
while the middle class in the poorest countries along behind