Trend forecaster Gerald Celente, who warned investors of the collapse of 2008 just weeks before the markets buckled, has issued a new recession warning for 2018 in his latest interview with Greg Hunter of USA Watchdog. But this time, says Celente, it’s going to be a different kind of scenario:
All the investment is at the top… and the top is the one that’s going to fall… and when they fall, the bottom will feel it but more psychologically than in their pocket… be cause it’s the “Bigs” that are going to fall…
You look at the tops in the condominium market, in the housing market with houses over $1.5 million… that market is slowing down dramatically… you go into the rich retail sectors around the country… Chicago, New York, San Francisco… you see a lot of For Rent signs… because the big multinationals that used to be there that are no longer making the money at the top that they were, are closing down… the rents are so high that they can’t fill them up with the average retailer… so we’re seeing the pressure from the top falling already…
We’re calling this a “Stage 1 Recession.”
That’s our top trend for 2018… we’ve never seen one like this before… so it’s going to start melting down from the top.
How far down will it go?
We’re looking for a 10% correction in the markets… we’re not looking for a crash at this point… it depends how far it melts.
Ok Its like, like one we’ve never seen before and now we’re into 2018 when its going to happen. Like WOW!
I’m going to vomit. Celente’s back? He has no credibility. Just do a search here at SHTFPlan, and zerohedge to see his predictions and tell me where he has been right. C’mon Mac, surely you are not this desperate to print Celente’s nonsense?
(((Celente))) should stfu then gtfo; he can’t read tea leaves for shit. I wish he’d take his own advice and become financially an hero.
Uhhh, here is a link to Gerald Celente’s prediction for Global Recession in ….. (hold your breath) …. 2016:
And then again in 2017:
Eventually he will be right !!! 🙂
Some would argue that a recession DID start in late 2016.
Take away the stock market and almost everything else is festering.
I would go one step further than he does and say 2018 is a collapse year.
What are they going to do with Puerto Rico’s debt? Puerto Rico’s infrastructure?
State of Illinois possible bankruptcy? Pensions everywhere in this country?
Everything is festering. Some things are still semi-functional.
As time progresses in the next several months, things will become more dysfunctional.
It’s all how you look at it. It’s like a ball of twine that unravels as it rolls.
Pretty soon, no ball left.
Yada Yada yada, Celente says the same thing over and over. His 15 minutes of fame has dried up.
Have a point.
By the way, The Orville Dam has a new spillway.
Remember the sky is falling from that story.
Fear has been used to sell many products although it is worthy to be prepared.
It’s comforting to know that the PTB will come to our rescue in the nick of time. 🙂
Bla bla bla ….same cry wolf different day!!
Wake me up when it occurs. Whereas I agree that the whole system is rotten to the core, those at the top thrive on eating corpses. My simple plan is to not be one for them to munch on.
He keeps saying this every year, ….. but one time he will be right.
Even Shemitah Boy Snyder might get it right some day.
Amazing that people still lap their stuff up.
Yep every year. It’s not a bad job. Every 7 years on average there is a market crash or something happen you can say “see told you”.
Keep denying that the crash isn’t coming. While you are at it, please let us know when. Thanks.
At some point the market will crash, thats a given. If every year you make a grand prediction of a crash, the year it does crash you are then an all knowing seer. Easy to find on youtube is his 2009 prediction of a crash, it seems to popup every time I get on youtube. I listened to him in 2009, more or less believed him as what he said made sense and still does, and almost sold off my IRA and stocks and then worried about it constantly waiting for the big crash. Thank goodness I did not sell my IRA ect. I also listened to Warren Buffett in several interviews about the economic problems in the same 2009 timeframe. Once again, thank goodness I put more weight in Buffetts opinion thane Celente as the market has way more than doubled since then. The bottom line is this,,, yes the market will have corrections, some more severe than others for sure along the possibility of a major crash, but corrections always seem to come back in 6-8 months or so more or less and a major crash like 1929 has not been seen since then. Everything in life has some risk and from what I see Celente does not have a good record with me. I will take my chances and try to analyze a more balanced series of preditions. KF
What’s he selling this time, precious metals, sand, rock, or just good old fashion swampland? The top is getting as smart as us flyover folk, order from home. Why leave the comfort of your home to be terrorized by antifa. Invest in family.
Has anyone other than me noticed Gerald has not called any of his predictions correct in the past 8 years?
How can anyone predict anything when they can do any trick possible to kick the can . Can the can be kicked forever? They got seddoms gold , they got Kadaffis gold they want Asads gold ,now Kim’s gold, don’t forget Venezuelas gold . Who’s next? Iran.
The market will crash in 2011…
The market will crash in 2012…
The market will crash in 2013…
The market will crash in 2014…
The market will crash in 2015…
The market will crash in 2016…
The market will crash in 2017…
The market will crash in 2018…
The market will crash in 2019…
Oh I mean silver’s going to $500 because of JPM…
Make that, Gold $10000 because of the Fed…
Sorry just buy BTC!
Hah, beat me to it.
Works with war, gold, etc,etc.
Maybe it will maybe it won’t but these folks have been saying the same stuff for the last 10 years maybe they’ll be right one of these days
I don’t doubt its coming.. but really.. didn’t we hear this in 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016 and now 2017 ? Eventually… dudes gonna hit the nail right square on the head… SEE !!! I called it… badda bing… badda boom..whose yer daddy now ???
OMG, so you are saying nothing happened 2007/2008?
Go crawl back under your rock.
I for one saw it coming, and on the upside made some decent scratch, be prepared.
Oh, and if you went just one more year back, you’d have landed in the magical nonexistent tech crash of 2000. I avoided that one too, because I keep my ear to the rails on sites like this.
10% woooopy! Probably be the beginning of a healthy correction. I wish the housing market bubble would of totally popped like it should of but didn’t. And I really wish the real estate bubble in Denver would pop. It is ridiculous!!
Celente studies trends. Didn’t know one could make a living off that shit.
You could say everyone that visits here studies trends.
We are probably more wired up on things than he is.
Cracks me up when the so-called insiders try to enlighten us.
We see the same shit coming as well.
Been to Chicago lately? The rents ain’t going down because property taxes are going up.
Fucking landlords and management companies keep jacking people.
There are a lot of FOR RENT signs because many of the big city renters, aka millenials,
are struggling to pay down student loans and find or keep a job that can pay that rent.
They are moving back with mommy and daddy out of necessity, not because they want to.
I can tell you that the Chinese are sellers all the homes they bought as fast as possible in America, particularly LA and Seattle. I made my profit but many of my friends are selling these large houses now at 10-20% loss. It’s getting worse. USA is one big ponzu scheme whether it’s realtors lying to us or Wall St. Lying to 401K mom and pop investor. West coast property is collapsing and here is the thing we all lied on our mortgages and they still gave us loans for millions. We are. Just walking away from these mansions after getting scammed.
Let it crash I don’t care. Keep pumping it up with debt I still don’t care. The guy has been giving dates that arrive and his predictions are proven false. Even when of if eventually he is correct. He still has no credibility.
The USA is a bankrupt warmongering police state.
The default American response to the US collapse is to ignore the decay, excuse government abuse, attack the messengers who warn of the dangers of tyranny, and to blame everyone else except themselves for the decline.
Americans are ignoring the obvious collapse of the US by sticking their heads in the sand and focusing instead on bread and circuses, celebrities, sports, movies, music, alcohol, drugs, and sex.
Americans don’t care about government corruption and scandals.
Americans will vehemently attack anyone who dares criticize their beloved government overlords by shouting “fake news!” or calling patriots spammers, trolls, shills, bots, racists, or nutjobs and demanding that the truth-tellers be censored, banned, get IRS audits, be arrested, or be killed.
Americans quickly blame China, Russia, libtards, homosexuals, Communists, Nazis, blacks, Jews, Muslims, feminists, or illegal immigrants for the fall of the USA, but if Americans really want to know who is responsible, they just need to look in the mirror.
The collapse of the US is shocking and disgusting.
How can Americans sleep at night now?
Every country has the government it deserves.
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I heard Celente on coast to coast AM with George Noory in the summer of 2008, predicting a big crash that would happen during the presidential election to propel Obama into office. Thought he was full of crap, did not heed the warning, six months later I had lost 50% of my 401K.
Someone, who shouts the newspaper headlines at you, and improvises social commentary.
What can be measured.
Put the name of some scary sounding event. let’s say crash, and Celente’s name, and a year, in your favorite search engine.
Celente crash 2003
Celente crash 2004, and so on.
If he is nominally-Christian, then, use the Biblical figure of speech, from someone whose predictions don’t come true.
Also, is there a legal figure of speech, such as in the criminal code.