That’s the least of the market’s problem. There is a very strong chance of a stock market collapse as well.
Goldman Sachs has circulated a fascinating but scary research note to clients suggesting that the probability of stocks entering a bear market in the next 24 months currently stands at about 88%, based on the history of previous bear markets.
The stock market market will crash because it is a ponzi scheme. And it will be horrific:
Several noted economists and distinguished investors are warning of a stock market crash.
Jim Rogers, who founded the Quantum Fund with George Soros, went apocalyptic when he said, “A $68 trillion ‘Biblical’ collapse is poised to wipe out millions of Americans.”
Mark Faber, Dr. Doom himself, recently told CNBC that “investors are on the Titanic” and stocks are about to “endure a gut-wrenching drop that would rival the greatest crashes in stock market history.”
And the prophetic economist Andrew Smithers warns, “U.S. stocks are now about 80% overvalued.”