This article is from the source 'rtcom' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at https://www.rt.com/business/512979-us-stock-market-crash/
The article has changed 3 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| ‘Lather, rinse, repeat’: US Fed will crash the stock market like in 1987, strategist tells Boom Bust | ‘Lather, rinse, repeat’: US Fed will crash the stock market like in 1987, strategist tells Boom Bust |
| (7 months later) | |
| Federal Reserve Chair Jerome Powell has affirmed his commitment to keeping interest rates low for the foreseeable future even as he expressed hope for a strong economic recovery. | Federal Reserve Chair Jerome Powell has affirmed his commitment to keeping interest rates low for the foreseeable future even as he expressed hope for a strong economic recovery. |
| Boom Bust explores how the economy is reacting to all the developments during the Covid-19 pandemic. | Boom Bust explores how the economy is reacting to all the developments during the Covid-19 pandemic. |
| The United States has a massive increase in “unproductive debt,” and is facing inflation, says Michael Pento, CEO of Pento Portfolio Strategies. “There’s nothing more misunderstood on Wall Street than inflation,” he says. | The United States has a massive increase in “unproductive debt,” and is facing inflation, says Michael Pento, CEO of Pento Portfolio Strategies. “There’s nothing more misunderstood on Wall Street than inflation,” he says. |
| Pento explains that there will be a super spike in interest rates in the second quarter of 2021, “and then I believe it will all come crashing down by the third quarter.” | Pento explains that there will be a super spike in interest rates in the second quarter of 2021, “and then I believe it will all come crashing down by the third quarter.” |
| “There will be a fiscal drag on the economy, the Federal Reserve’s going to make a lot of noise about tapering, it’s going to crash the stock market, it’s going to look a lot like 1987,” he says. “And then yields will come back down again. Lather, rinse, repeat.” | “There will be a fiscal drag on the economy, the Federal Reserve’s going to make a lot of noise about tapering, it’s going to crash the stock market, it’s going to look a lot like 1987,” he says. “And then yields will come back down again. Lather, rinse, repeat.” |
| For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |
| Dear readers and commenters, | |
| We have implemented a new engine for our comment section. We hope the transition goes smoothly for all of you. Unfortunately, the comments made before the change have been lost due to a technical problem. We are working on restoring them, and hoping to see you fill up the comment section with new ones. You should still be able to log in to comment using your social-media profiles, but if you signed up under an RT profile before, you are invited to create a new profile with the new commenting system. | |
| Sorry for the inconvenience, and looking forward to your future comments, | |
| RT Team. |