Economist’s Warning: On November 1, There Will Be A 70% Stock Market Crash
Out of all of the dire warnings coming from economists about the impending market collapse, one sticks out as exceptionally terrifying. Famed economist Ted Bauman is now warning that “There are three key economic indicators screaming sell. They don’t imply that a 70% collapse is looming, it’s already at our doorstep.”
Bauman and his team correctly predicted the collapse of 1999 and 2007. But this is one distinct warning that should send chills down your spine. According to Banyan Hill, Bauman isn’t the only economist making predictions and sounding alarms about this “health economy” the mainstream media continues to insist is going strong. However, if Bauman says the market will crash 70%, one should consider listening to him.
Over the last three decades, Bauman has accurately predicted the financial crisis of 2008, the dot.com crash of 2000, the recession of the early 1990s, and the 1987 crash. Additionally, when Bauman makes a prediction, he backs it up. True to form, in a new and considerably controversial video, Bauman uses over a dozen indisputable charts to prove his point that a 70% stock market crash is here.
Most alarming of all though. is what Bauman says will cause the collapse. It has nothing to do with interest rates, government debt, tariffs, or China, although those will all take their tolls on the economy as well. Instead, it is linked back to a little-known scheme that was deemed illegal for triggering the 1929 market crash. It is a scheme that was made legal again. That practice is companies buying back their own stocks to artificially inflate the market. But Bauman does believe there is a way to prepare.
According to his video, there’s nothing anyone can do to stop the inevitable November 1 crash, which could see nest eggs wiped out but you can make it through. Bauman claims buying stock market crash resistant stocks will be a good place to start. Although he doesn’t specifically list which stocks you should choose, we did some digging and found a few that could be viable options for investors.
According to Fool.com, three of these stocks that should be at the top of your shopping list during the next market crash are American Express (NYSE:AXP), Starbucks (NASDAQ:SBUX), and Brookfield Infrastructure Partners L.P. (NYSE:BIP). They’ve all proven to be market-crushing investments for people who bought the last time there was a big market crash, and they retain the same characteristics that make them ideal long-term investments.