Charles Nenner: The Whole Economy is Turning Down

On the economy, Renowned analyst Charles Nenner predicts, “If you look at the business cycle, then you see the whole thing is turning down. It’s very regular. The problem is that we are not turning down from a GDP at 6%, we are turning down from a GDP of 1%. So, soon we are going to be very negative, and we are going to be in for a very negative deflationary crisis. It doesn’t mean the stock market is going to collapse now. It’s going to be the end of 2017. It’s one and a half years away. I think we could rally before the end of the year, but it will be a catastrophe in 2017. The Dow is going to 5,000 . . . by 2021. I have been saying this for years. If you are not safe before 2017, you can lose everything you have.”

Also, on the economy, Nenner warns, “It’s going to be very bad. My cycles show now unemployment is going up, which is another deflationary problem. Profits of companies will be very bad. . . . Everything is going to turn down. . . . The dollar is getting ready to go into a bear market, and next year will be the year of the Euro.”

On gold and silver, Nenner says, “I don’t think it will test the lows again, and it will take off in the first quarter of next year.”