Top Economic Strategist Albert Edwards is sounding the alarm, warning that we are on the brink of a 1987-style stock market crash. Edwards says that the events that led to Black Monday are unfolding right before our eyes.
“The equity market’s current resilience in the face of rising bond yields reminds me very much of events in 1987, when equity investors’ bullishness was eventually squashed,” Edwards said in a note on Tuesday. “Just like in 1987, any hint of recession now would surely be a devastating blow to equities.”
3 charts we are watching: 1987 – Albert Edwards says that just like in 1987, any hint of a recession now would surely be a devastating blow to equities…https://t.co/aJEiHJPQAt pic.twitter.com/BfHzcuMnRF
— The Market Ear (@themarketear) October 4, 2023
Source: https://www.zerohedge.com/the-market-ear/3-charts-we-are-watching-1987
In other words, once the “recession” domino falls, everything else is going to follow.
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“Never in my career have I witnessed such uncertainty about where we are in the economic cycle. Is that long promised recession still lurking around the corner or are we at the start of a new economic cycle,” Edwards wrote.
Elsewhere, the trouble is already brewing…
Not only is the labor market is weakening, but US consumers have depleted their excess savings from the pandemic.
In fact, we just warned you about it earlier this week:
Raymond James noted that this could mean the economy is approaching an inflection point as soon as this quarter. The New York Fed has already priced in a 61% possibility that the US will tip into recession by August 2024.
How Can The Common American Stay Safe From The Crash?
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If the answer is no, you need to seriously consider protecting your assets now before it's too late.
The storm is brewing, and when it hits, it will be too late to take cover. The signs are all there—rising bond yields, overvalued stocks, and a looming recession.
Don’t be caught off guard like investors were in 1987. Take action now to safeguard your financial future.
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RELATED REPORT:
The Warren Buffett Indicator? Cash Hoard PERFECTLY PREDICTS Stock Market Crash?
This is really interesting....
We all know the "Oracle of Omaha" is a rare unicorn in the investing world.
Perhaps originally a man who outsmarted Wall Street, he is also famous (or infamous) for getting sweetheart deals during the 2008 Stock Market Crash.
Remember that?
He coughed up a few billion to bail out some "too big to fail banks" and in return basically received a guarantee of his "investment" from the Federal Government.
If you or I had done that, they might just call it insider trading, but for Uncle Warren it was deemed "patriotic".
But that's not the main focus of this article.
The main focus is something I'm now calling the "Warren Buffett Indicator".
This short video below explains it in video format, but basically as Warren Buffett's cash hoard grows, it almost always seems to top out right before a huge stock market crash hits....
And guess who's there to scoop up all the great assets for pennies on the dollar?
Uncle Warren.
Look, I'm not suggesting he's doing anything wrong, not at all.
Perhaps he's just really, really smart and really, really patient and disciplined.
More power to him.
But the indicator appears to be dead on.
Take a look:
WARREN BUFFET’S CASH POSITION OVER TIME
ONE THING THAT STANDS OUT IS RIGHT BEFORE A STOCK MARKET CRASH HIS CASH POSITION BALLOONS LOOK AT 1999 , 2007 AND 2019pic.twitter.com/a0Zk0ZEJrZ
— GURGAVIN (@gurgavin) November 9, 2023
The scariest part is right at the end....
Look at this:
When people keep telling you the next crash is going to be much worse than the 2008 crash (which for most of us was by far the biggest of our lifetimes), this is what they mean...
Look how his cash hoard dwarfs 2008.
The size and scope of what is coming is going to dwarf anything you've seen before.
It has to, the amount of money printed since then is astronomical.
It's what Bo Polny told my on my show earlier this week....
Look at this chart and the chart above and tell me if they don't look extremely similar:
It's all connected to 1971 when they removed us from the Gold Standard.....
And the years that followed when they printed magic money to infinity and the money machine went BRRRRRRRRR on overdrive!
You know how growing up your parents would say money doesn't grow on trees?
To these people it does!
It grows on printers, they just turn on the printer and out spits new money.....as much as they want!
Now it's just extra zeroes in a computer program, but it used to be actual printing of greenbacks.
Same difference.
Speaking of, have you seen this?
Do you know what happens if we suddenly shocked the world and went BACK to a Gold Standard?
This:
“Gold Revaluation” Incoming? Price Could Be $10,000-60,000 Per Ounce!
Make sure you read that.
Bookmark it, print it out, save it and study it, because it could be life-changing very soon.
Or life "saving".
Speaking of gold, have you seen this?
HEADS UP: Gold Is Now Classified As A Tier 1 “RISK FREE” Asset!
Ok, Bo's links above will get you all set for crypto!
You're in good hands there.
But what about Gold and Silver?
If you want Gold and Silver, I have you covered there too.
Keep reading for the hookup...including for a way to get GOLD without paying anything out of pocket! Yes, really!
But first, here's the most important part you have to understand -- make sure you get PHYSICAL gold and silver.
Not paper traded garbage on the stock exchanges that isn't backed by anything.
Don't touch that stuff.
I have two special hook-ups for you.
Both involve PHYSICAL gold and silver.
Because if you do NOTHING else, make sure you own "physical" gold and silver, not paper contracts.
The paper contracts (like stock ticker SLV and GLD) could very well go POOF one day and disappear or go to zero, because they're not actually backed by the gold and silver they claim to represent.
It's a massive game of musical chairs out there and when the music stops (and I think it will stop soon...) people who only own paper might find themselves owning something not worth the paper it's literally written on.
Now...WHERE do you get physical gold and silver and how do you know it's real and safe?
And that you're getting the best price?
Oh, and how about personal one-on-one real customer service?
You know, like you were some Big Wig millionaire at Goldman Sachs who could just call their personal banker and get help?
That's what I'm about to tell you.
I have two killer connections for you...
The first is for purchasing gold and silver bullion.
That means bulk bars.
That's the cheapest and most economical way to do it, to stretch your dollar into as much gold and silver as possible.
The website is called WLT Precious Metals and when you see my logo in the top left-hand corner, you'll know you're in the right place.
You'll get a personal phone call with Ira Bershatsky (or someone on his team) and they will work with you free of charge for as long as needed to answer any questions you have and get you taken care of.
How about that!
You don't see that much anymore, but Ira and his team pride themselves on good old-fashioned real customers service:
No sales pitch, just real, actual help.
And the best prices you will find.
Here's the only disclaimer I will give you: because they do pride themselves on dedicated service, it might take a few days before you get a phone call back. Just be patient.
Good things come to those who wait!
You can contact Ira and WLT Precious Metals here.
Ok, that was #1.
Now I want to tell you about option #2.
An equally great company, I am so happy to be working with these guys.
This next company is called Genesis Gold and this is for people who want to purchase real physical gold or silver in their IRAs (Investment Retirement Accounts).
You know what the beauty of that is?
TAX FREE baby!
I'm not a tax advisor, but that's a general oversimplification.
Never pay more taxes than you are legally required to pay.
And that's why I love getting gold and silver in my IRA (and why I hold a large chunk in an IRA myself!).
There's so much to love about Genesis Gold, starting with the fact they are proudly and un-ashamedly Christina!
They call it "Faith-Driven Stewardship" and they put it right on the homepage of their website along with a quote from Ezekiel:
Wealth Preservation With Gold & Silver –
The Genesis Gold IRABy your wisdom and your understanding you have made wealth for yourself, and have gathered Gold and Silver into your treasuries – EZEKIEL 28:4
Genesis Gold Group believes the Bible gives clues on how man-made currencies (paper money) represent instability, and a lack of virtue and encourages living wastefully in excess.
Conflicts have beleaguered us since the dawn of civilization, and they can all be encapsulated into one battle. The battle is between currency, man-made paper, and gold and silver — the two precious metals found in our Earth’s crust, sent to us by our Lord to use as money. Man-made currency always leads nations down the path to increased war, greed, and ultimate collapse. History has shown that abandoning gold and silver has always been a bad idea. Gold and Silver enforce discipline, nurture self-constraint, self-reliance, and balance, and lead to confidence, a restrained government, and a more stable foreign policy.
Genesis Gold Group believes in empowering faith-driven stewardship with Gold & Silver are an integral part of a balanced portfolio. Protecting your finances with precious metals has never been more crucial during these trying times.
With a combined 50-plus years in the precious metals industry, let your Genesis gold and silver experts guide you through the simplicity of asset protection and growth with our Genesis Gold IRA.
Sincerely,
Empowering Faith-Driven Stewardship
Oh....and they're VERY good at what they do.
You also get physical gold and silver with Genesis, believe it or not! The gold and silver is purchased for you (in whatever combination of coins and bars you prefer, a picture taken and sent to you, and then stored safely in a vault for you!
I love what these guys are doing.
Here's more on why gold and silver in your IRA are so powerful:
You can contact Genesis Gold here.
They are also very backed up with record demand, so you may have to wait a bit, but someone WILL get in touch with you for personal customer service and assistance!
Tell 'em Noah sent ya!
Oh, and did you know Genesis is recommended by SUPERMAN himself?
It's true.
Superman himself, Clark Kent -- Dean Cain -- came on my show a few weeks ago and we broke it all down:
Watch here:
Stay safe!
Make sure you can weather the storm when it hits!
Because the storm always hits eventually, doesn't it?
As for me and my house, we will be ready. 💪
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