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Prediction Markets — Will the economy crash in march?

By Minda Zetlin,, Jan 8, 2014

Somewhere between March and June of this year, look for a worldwide economic downturn that will cause huge losses in stock exchanges around the globe. That prediction comes from Gerald Celente, who heads the Trends Research Institute.

For more than 25 years, Celente has been making predictions about everything from the price of gold to the market for organic foods, to geopolitical upheavals. He does it by analyzing current trends and forecasting where they will lead. Sometimes these forecasts are right on the mark, sometimes they’re not, but they’re always interesting and thought-provoking, as much for what they say about our world as it is as they do about the future.

The world economies spiral in spring or early summer.

Don’t blame Celente if he can’t get the timing exactly right, he says. “You don’t know what they’re doing behind the scenes.” The Federal Reserve had been buying some $85 million a month in bonds and mortgage-backed securities to stabilize the U.S. economy since the economic crisis began in 2008, he notes, and now is beginning to taper off those purchases. It’s been holding interest rates at or near zero, he adds, as have other central banks, but that can’t last forever.

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