Charles Nenner – Next Big War Will Involve China
by Greg Hunter
USA Watchdog
Charles Nenner, renowned financial and geopolitical analyst, says a major top in the stock market has been made, and it’s downhill from here. Nenner explains, “I still think big up moves should be used to sell equities. We are going slowly to a major sell-off. I still look for Dow Jones 5,000. I think the second half of 2016 is going to be a bad situation for stocks, but it’s not going to be the big one. The big one will start the third quarter of 2017 ending in 2020 or 2021.
On interest rates, Nenner says, “According to the numbers the Fed looks at, the Fed should hike two times. On the long term picture, I think we are going to be in trouble. The rate hikes come in September and December. June will be too early. . . . I think the market will turn down before that. After the summer, the whole second part of the year will not be good.”
On the U.S. dollar, Nenner contends, “I think the dollar will still stay strong. There is no extreme in the dollar. Interest rates are going up in the United States and down in Europe. Why would you not keep dollars? The U.S. economy is still better than the European economy. I am not sure why people think the dollar could crash. . . . If the dollar is strong, that is even worse for the profits of the companies. If the dollar continues up, it is almost certain the stock market is coming down.”