Goldman Sach’s Leading Indicators Signal Steep Market Crash Ahead

Goldman Sachs reports their Global Economic indicators show the world has reentered a contraction and a steep stock market crash lies ahead.

Goldman Sachs Global Leading Indicator (GLI) show that the global economy has entered into a contraction phase “suggest this could be a much more severe downturn” than Wall Street is currently anticipating.

Notably the GLI turned negative ahead of the Internet bubble bursting at the turn of the millennium and far in advance of the Financial Meltdown of 2008.

The angle at which we entered this Contraction phase is worse than angle preceding last year’s crash ahead of the Debt Ceiling crisis crash almost on par with the angle at the bursting of the Internet bubble in 2000.

If there is any consolation, the angle is notable less than recession’s of Bush senior and the Financial Crisis of 2008.

However, Goldman’s research is predicting a market crash worse than that of the early 90′s recession and one slightly less than that of the turn of the millennium sell-off.

Categories: ECONOMY

Write a Comment

Your e-mail address will not be published.
Required fields are marked*