More than 20 years after calling for the biggest market crash in history, Peter Grandich is warning investors to “Man your battle stations.” In a special alert to readers of The Grandich Letter on Sunday – a day before the 20th anniversary of 1987’s Black Monday market collapse – Mr. Grandich predicted that an “unprecedented economic tsunami” will hit American beginning in 2008.
However, he said most of what he is forecasting won’t coming in the next month or year, but many years in the future.
He said the U.S. Federal Reserve is running out of tricks after its shift to easing mode on interest rates a few weeks ago was the final silver bullet for many on Wall Street.
And what are the factors leading Mr. Grandich to the most bearish position in his career? The aging crisis and geopolitical time-bombs.
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