More warnings of a coming economic disaster
Despite continued economic optimism on Main Street, financial experts say a painful market correction is long overdue in the United States.
During a recent appearance on Bloomberg TV, J.P. Morgan Chase Co-president Daniel Pinto said he believes a 40 percent correction will occur in equity markets in the next couple of years.
“The equity market has some way to go for the next year to two,” Pinto said. “But then, if there is a correction, it could be a deep correction. It could be between 20 and 40 percent depending on the valuations at the time. The most important thing for someone like us is just to be prepared.”
The financial industry insider’s warning comes as economic confidence is on the rise thanks to strong jobs numbers and other factors. But Pinto’s warning isn’t about anything that’s happening now– rather, it’s about dealing with the consequences of years of easy money Fed policy.
“I think those are the things you want to watch: That inflation doesn’t go up too fast, that forces the central banks to go a little faster and quickly than they’re doing now,” the bank executive said. “So you want to watch economic indicators, that they don’t show that the economy is sliding down and you want to look at some geopolitical issues.”
The post More warnings of a coming economic disaster appeared first on Personal Liberty®.
Source: http://freedombunker.com/2018/03/08/more-warnings-of-a-coming-economic-disaster/
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