September Stock Market Crash: The 1008 Point Market Crash a Sign That Another 2008 Is Coming! - Epic Economist

‎***Support BeforeItsNews By Trying HerbAnomic Natural Health Building Products Including Humic & Fulvic Liquid Trace Mineral Complex & UltraCur Bio-Available Curcumin—NOW NEW HNEX HydroNano Extracellular Oxygen Delivery System Product–SEE BELOW! ‎‎ ‎‎Click Here‎‎ For More Information & To Order!***‎

Click Here

  A nightmarish financial crisis that shook the entire globe happened in September 2008. Today, conditions are set for such an event to happen again. On Friday, the Dow Jones faced a wipeout of stunning 1,008 points as panic swept through Wall Street right after Jerome Powell’s dramatic speech in Wyoming. The Fed Chair made it crystal clear that interest rates will continue to rise for the foreseeable future, and that prospect has deeply alarmed investors. For months now, some very vocal influencers in the financial community had been forecasting that interest rate hikes would soon come to an end, but that doesn’t seem to be the case anymore at all. Powel not only dashed these hopes but also warned that more pain is ahead. As markets open tomorrow, Wall Street is going to finally face reality, and things are likely to get messy. 

Last Friday, the Dow Jones faced a remarkable drop that had investors sitting on the edge of their seats. After dropping 1,008 points, some very disturbing similarities to the 2008 crash and the following financial crisis immediately stood out for some of the most experienced market players. Many other past parallels of times when a stock market crash occurred have seemed to have been a sign of worse things to come. For instance, on September 29th, 2008 the entire world was completely shocked when the Dow Jones Industrial Average fell 777 points. That was a new all-time record back then, and fear spread through Wall Street like wildfire. The Dow’s sudden plunge told the story of the market’s despair. 
Investors were struck by a sentiment of hopelessness, and each and every sector of financial markets were simultaneously slumping, adding to their woes. The entire globe faced some of the most difficult periods in the history of financial markets, and confidence disappeared from Wall Street. The meltdown led to major repercussions in several nations, and the U.S. economy fell into what would become known as “the Great Recession”.

We’re actually nearing the 14th anniversary of the housing bubble burst of 2008. Now, we’re seeing a similar catastrophe emerging on the horizon. Another bubble has burst, the housing market is crashing again, and this downturn could turn out to be the most painful of them all. Experts argue that if the Federal Reserve stopped raising interest rates so keenly, we could actually have a shot at avoiding a disorderly collapse of the real estate market.

However, that’s quite unlikely at this point. On Friday, Jerome Powell explicitly said that more rate hikes were coming and that we all should brace for more pain in the coming months. In a keynote speech at the Federal Reserve’s annual Jackson Hole Economic Symposium, the Fed Chair said that the path to reducing inflation would not be quick or easy, adding that the task, “requires using our tools forcefully to bring demand and supply into better balance.” 

“While higher interest rates, slower growth, and softer labor market conditions will bring down inflation, they will also bring some pain to households and businesses,” he said. Powell continued arguing that “these are the unfortunate costs of reducing inflation. But a failure to restore price stability would mean far greater pain,” referencing the lessons officials learned from studying the Fed’s struggle to combat high inflation in the 1970s and 1980s. Powell and his associates at the Fed are taking actions that threaten to greatly destabilize financial markets. But Wall Street isn’t prepared for an interest rate shock, and soon, everyone will realize that officials are making a tragic policy error.