2022 is officially here and investors are wondering what this new year has in store for us. How about a 30% market correction and a global recession?
Inflation, Federal Reserve tapering and interest rate hikes have changed the game. Stocks, bonds and most other assets should decline in price this year as authorities have no other choice but to end stimulus and tighten.
Highly-respected money manager Michael Pento expects a correction of 30%+ to arrive in Q2 this year, which will then trigger a credit crisis, leading to a recession. See the YouTube Video for the charts and graphics: https://youtu.be/UmHkNiuSveo
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