- Similarities are scary, greatest crash in 95 years is coming: Henrik Zeberg
- All eyes on Q3-This autumn, 2023
Henrik Zeberg shared his estimations of the correlation between the U.S. unemployment charges, NAHB housing index, inventory markets index and so forth — and claimed that his super-pessimistic forecast in regards to the U.S. economics remains to be legitimate.
Similarities are scary, greatest crash in 95 years is coming: Henrik Zeberg
In keeping with the assertion shared by Zeberg, markets are reaching an financial collapse that may final for years. The markets will probably be due the “largest crash since 1929.”
The similarities are scary!
EQUITY BLOW-OFF-TOP COMING
LARGER MARKET CRASH THAN 2007-09
(and actually worst since 1929) pic.twitter.com/W0VncAv0kH
— Henrik Zeberg (@HenrikZeberg) March 10, 2023
To show his idea in regards to the upcoming “peak” earlier than the collapse, he demonstrated the dynamics of the U.S. unemployment charges (reversed) and the Nationwide Affiliation of Dwelling Builders (NAHB) Housing Market Index (HMI), an indicator that shows the relative charge of single-family house gross sales.
Mixed with inventory value indicators, these metrics trace at a detailed peak of the financial cycle. As all of them are extraordinarily overheated, subsequent recession could be way more extreme than that of 2007-2009.
In December 2022, he additionally displayed the Elliot waves prediction for a macro recession: Wave 4 may attain its highest stage in early 2024. After that, markets will probably be doomed to fail, Zeberg warns.
All eyes on Q3-This autumn, 2023
As such, This autumn, 2023 could be the final “bullish” interval of this market cycle. Zeberg disagreed with the assertion of Financial institution of America CEO about his optimism for midterm.
100% US will enter a Recession at finish of 2023 https://t.co/bJlofuSPaY
— Henrik Zeberg (@HenrikZeberg) March 7, 2023
Zeberg is well-known for his uber-bearish value predictions on cryptocurrency and Bitcoin (BTC). He was the writer of one of the pessimistic forecasts in 2020.
Specifically, he predicted that Bitcoin (BTC) would imminently drop to $1,760. It’s virtually 50% decrease than the precise backside of the earlier cycle reached by the most important cryptocurrency on March 13, 2020.