{"id":51779,"date":"2020-03-13T13:56:19","date_gmt":"2020-03-13T18:56:19","guid":{"rendered":"https:\/\/olduvai.ca\/?p=51779"},"modified":"2020-03-13T13:56:26","modified_gmt":"2020-03-13T18:56:26","slug":"we-are-heading-for-a-depression-charles-nenner","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=51779","title":{"rendered":"We Are Heading for a Depression \u2013 Charles Nenner"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/usawatchdog.com\/we-are-heading-for-a-depression-charles-nenner\/\">We Are Heading for a Depression \u2013 Charles Nenner<\/a><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Renowned geopolitical and financial cycle expert Charles Nenner told his clients back in January 2020, \u201cIt was time to sell . . . . I am afraid they can lose 40% to the downside.\u201d Well, we are more than halfway there, and Nenner warns it\u2019s going to go lower\u2014much lower. Nenner says, \u201cYou know it was all over the media, and they were always laughing at me that my long term target is 5,000 for the DOW Jones. They ask me how are we going to get there, and I say I don\u2019t know. Now, this thing with the virus, there is no business anymore because the United States has stopped flights with Europe. So, maybe we can see how we get there.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">I think people have finally stopped laughing about Nenner\u2019s&nbsp; 5,000 DOW call.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Another way the markets can crash is a full blown banking crisis that is brewing in Europe. At the center is Deutsche Bank (DB), which the IMF called the \u201cmost systemically dangerous bank\u201d in the world back in 2016. Nenner predicted on USAWatchdog.com that if DB stock crashed through a $6.44 price target, it could go to $0. DB closed Thursday at $5.53, down 15% in one day. Nenner says, \u201cI have real estate I want to sell because in Amsterdam, it\u2019s going through the roof. I decided not to do it because I don\u2019t trust the banking system. For years, we have talked about Deutsche Bank, and I said if it goes below $6.50, it could go into bankruptcy. Now it\u2019s $5.50. They are interconnected to most European banks. So, something is really cooking over there, and I don\u2019t really trust the banks. That\u2019s why I am not selling my real estate. . . . I don\u2019t trust the banks anymore.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We Are Heading for a Depression \u2013 Charles Nenner Renowned geopolitical and financial cycle expert Charles Nenner told his clients back in January 2020, \u201cIt was time to sell . . . . I am afraid they can lose 40% to the downside.\u201d Well, we are more than halfway there, and Nenner warns it\u2019s going [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[2310,500,9699],"class_list":["post-51779","post","type-post","status-publish","format-standard","hentry","category-economics","tag-depression","tag-market-collapse","tag-usa-watchdog"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/51779","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51779"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/51779\/revisions"}],"predecessor-version":[{"id":51780,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/51779\/revisions\/51780"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}