Goldman Sach’s Leading Indicators Signal Steep Market Crash Ahead
Goldman Sachs reports their Global Economic indicators show the world has reentered a contraction and a steep stock market crash lies ahead.
Goldman Sachs Global Leading Indicator (GLI) show that the global economy has entered into a contraction phase “suggest this could be a much more severe downturn” than Wall Street is currently anticipating.
Notably the GLI turned negative ahead of the Internet bubble bursting at the turn of the millennium and far in advance of the Financial Meltdown of 2008.
The angle at which we entered this Contraction phase is worse than angle preceding last year’s crash ahead of the Debt Ceiling crisis crash almost on par with the angle at the bursting of the Internet bubble in 2000.
If there is any consolation, the angle is notable less than recession’s of Bush senior and the Financial Crisis of 2008.
However, Goldman’s research is predicting a market crash worse than that of the early 90′s recession and one slightly less than that of the turn of the millennium sell-off.
Zero Hedge reports:
The Swirlogram Speaks: “The World Has Reentered Contraction”
The business cycle shifted into the Contraction phase of Goldman’s ‘Swirlogram’ framework that we introduced here three weeks ago. The latest observations in their Global Leading Indicator (GLI) as well as the way we entered this Contraction phase suggest this could be a much more severe downturn. In their own words: “We do not yet see clear reasons for optimism in the data, and our GLI framework still suggests that the current phase of the cycle is in a challenging one.”
Goldman’s Global Leading Indicator, month-on-month, has turned negative…
[...]
The Swirlogram has entered the Contraction phase…
which has negative implications for forward 12-month S&P 500 returns…
As Goldman notes: “We think that the macro data are providing a clear signal. And hence, we think a negative bias remains warranted.”
Source: Goldman Sachs
Source:Zero Hedge
Stay up to date with the latest news:
Twitter: https://twitter.com/#!/kr3at
Facebook: http://facebook.com/alexhiggins732
Website: The Alexander Higgins Blog
Headlines: Real-time News Headlines
Source: Goldman Sach’s Leading Indicators Signal Steep Market Crash Ahead ©
Copying or redistribution of this material requires that this license must remain intact with attribution to the content source.
Related Posts
Read more at Alexander Higgins Blog
Source:
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).