Nenner Warns “Dow Is Going Back to 5000” but “Life Is Not Going to Stop”

Nenner Warns “Dow Is Going Back to 5,000” but “Life Is Not Going to Stop”

The comments below are an edited and abridged synopsis of an article by Tyler Durden

Three months ago, when everybody feared that interest rates would spike, world-renowned geopolitical and market cycle expert Charles Nenner correctly predicted that interest rates would not rise. Nenner recalls that in 2000, CNBC predicted that the expansion would never end, but the market tanked after an 11-year expansion. Nenner’s cycle predicts that in the next downturn, GDP will go lower, unemployment will go up and deflation, not inflation, will affect the economy. The US dollar should start getting weaker in the short term and the strength of dollar, measured by the US Dollar Index, will fall below 96, according to Nenner. During the next economic downturn, Nenner predicts the price of gold will reach $2,500 per ounce, because if everything loses value, people will turn to gold for safety.