Prediction of ‘God’ of Stock Market! Market will collapse by 30%, situation will get worse since 2008, this advice given to investors

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Stock Market Crash: You must know the God of Cricket, Sachin Tendulkar. Do you know the God of Stock Market? Market expert and economist Gary Shilling has been called the God of the stock market. However, this time Gary Shilling’s words have troubled the whole world. There are periods of boom or recession in the stock market. After the recession in the American market in 2008, the market was badly affected during the Corona transition period. But now the sound of another big and terrible threat is being heard in the market. Market prophet Gary Shilling has warned the market about this recession. Let us tell you that Gary Shilling is known for his accurate prediction of the recession in America in 2008. On The Julia La Roche Show, he said that the Federal Reserve will start cutting interest rates from next year after bringing inflation under control. He has warned the world about a bigger recession than the one in 2008.

America will face a bigger crisis than 2008

According to the report of Business Insider, Gary Shilling warned the American economy and said that it is again slowly moving towards a major economic recession. He has described the boom in commercial real estate as a bubble, which can burst any day. Due to this, there will be a big recession in the sector. Which will gradually affect other sectors. This development may cause a 30% decline in the stock market. He said that my opinion is that the shares will fall by about 30% to 40%. During this period the stock market will reach its lowest level. He predicted that the US index S&P 500 could fall to around 2,900 points or the lowest level since the Corona epidemic. It is noteworthy that the condition of the stock market is very bad in countries around the world.

There are signs of recession

However, the US is not in recession, Gary Schilling said on The Julia La Roche Show. But, it is coming soon. He said that the bell does not ring before any danger. If you look at several key indicators that reliably indicate the likelihood of a recession, it seems very difficult to avoid a recession. Let us tell you that at present the American economy is the largest economy in the world. Its current size is 26.7 trillion dollars. China’s economy is in second place. Its size is 19.24 trillion dollars. Japan is at third place in the world and Germany is at fourth place. Japan’s economy is worth 4.39 trillion dollars. Whereas, Germany’s economy is worth 4.28 trillion dollars. It is noteworthy that when there was recession in America in 2008, the whole world got caught in it.

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