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Are You Ready for the Crash of '23? Michael Markowski #5751

Summary:

Is there a financial crash in our future? Michael Markowski has predicted all three major crashes since 2007, and appears in this episode to tell us why we’re on the road to another. He makes a couple of significant predictions: a 69% decline from the peak to the trough for the S&P 500 and a third US Great Depression that will set in by the end of the year. Michael describes some of the ways in which the S&P 500 can go down by a minimum of 45% (which is required for a depression to occur) and that this decline can be anticipated by understanding investor psychology. Secular markets…

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