How to Prepare for the Coming 40% Crash

caseyresearch.com / By Justin Spittler, editor, Casey Daily Dispatch / May 30, 2017

Get ready for a 40% plunge.

That’s David Rosenberg’s message to investors. Rosenberg, as you may know, is one of today’s top economists. But unlike most economists, he’s actually worth listening to.

You see, Rosenberg doesn’t work for the government or some think tank. Instead, he oversees nearly $9 billion at Gluskin Sheff + Associates, one of Canada’s biggest money managers.

But here’s the thing: Rosenberg wasn’t referring to U.S. stocks when he issued this warning. He was talking about Toronto’s housing market. Bloomberg View reported last week:

David Rosenberg, an economist at Canadian investment firm Gluskin Sheff, notes that it would take a decline of more than 40 percent to restore the historical relationship between prices and household income.

• Regular readers know exactly what Rosenberg is talking about…

That’s because I’ve been writing about Toronto’s housing bubble for months.

In April, I showed you run-down shacks in Toronto that were selling for C$1 million. Two weeks later, I told you Toronto’s housing market was in a “bubble of historic proportions.” I even explained how this mania was spreading across Canada like a cancer.

Not only that, I told readers how to protect themselves from this coming crisis. If you took my advice, you made the right move.

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