By Greg Hunter’s USAWatchdog.com
Legendary financial analyst Charles Nenner thinks the biggest threat is global war. Nenner explains, “If you look at a war cycle of a hundred years, I predicted in the second decade of this century that we were going to have a big war. If you go back a hundred years ago, you had the First World War, which led up to the Second World War. That was a big war. A hundred years before that, we had a big war in 1812, and you had Napoleon in Europe in 1814. . . . Every second decade of a new century, you have a big war. So, what keeps me up at night is the underestimation that we are going to have a big war. . . . The wars in Iraq and Afghanistan were too small to show up. So, this war has to be much bigger. The 100 year war cycle exists, and it’s an amazing cycle. It shows you how regular they are.”
But this war cycle will be different because nuclear weapons will be used for the first time in the 100 year war cycle. Nenner contends, “You have a stock market cycle and you have price and time. Here, you have time and the amount of casualties, and in every big war, the casualties go up exponentially. So, you can imagine what can happen . . . anything can happen.”
On the global economy, Nenner, who is also an economist, says, “We should have a nice quarter until the end of the year, and next year, we should start weakening again. We had a normal business up move. The problem is the GDP never got up much above 3%. So, now we are going down from 3%, and that is kind of scary because I still see a lot of deflation on the horizon. That is something that is going to be very difficult to fix.” Deflation is debt destruction, and Nenner goes on to say, “It’s the destruction of almost everything. The problem is we owe so much money, and you can only get out of debt by inflating. Deflation will only make it worse. So, I have no clue how we are going to get out of trouble.” Nenner goes on to say, “You are going to get into a downward spiral, which is very hard to get out of.”
On the stock market, Nenner predicts, “I don’t see the stock market more than 5% higher until 2020, especially with a big downward move from 2018 to 2020. It will be a huge crash. I think we have seen a top.”
On crude oil, Nenner says, “The cycles are bottoming. Why is oil down? I think we are and will continue to be in a bear market for commodities, but I expect geopolitical problems, and then when the cycles bottom, we are going to have a catastrophe somewhere in the Middle East . . . then that will bring the oil price up again.”
On gold, Nenner predicted a low of around $1,150 per ounce. Now, Nenner says, “The next short term low is next week, and I think we are going to take it. We are going to do some buying. The long term low should be in, and every short term low should be seen as a bottom.”
Join Greg Hunter as he goes One-on-One with market expert and economist Charles Nenner.
(There is much more in the video interview.)
After the Interview:
Nenner offers financial analysis for individuals and corporations, and prices vary depending on need. If you would like to try out Charles Nenner’s research, where he predicts the markets, you can do so for free for one month. By the way, for the best price, they say to ask for the “research only” subscription. Please go to CharlesNenner.com for more information.