Economist Henrik Zeberg Issues Dire Warning, Says Fed Cannot Stop Major Recession at End of 2024
Renowned economist Henrik Zeberg has sent shockwaves through the financial world with his latest prediction that a major economic event last witnessed almost a century ago will likely occur in 2025. With a massive following of 140,700 on the social media platform X, Zeberg is known for his accurate forecasts and bold statements.
In a recent post, Zeberg warned his followers that while risk-on assets such as stocks and crypto may continue to rise in the coming months, a sudden and severe downturn is on the horizon. He predicts that market participants will become overly exuberant just as the bullish conditions come to an abrupt end toward the end of the year.
According to Zeberg, the Federal Reserve will attempt to support the economy by printing money to stimulate growth. However, he believes that these actions will only delay an inevitable economic collapse that will lead to stagflation – a period of slow economic growth, rising unemployment, and high inflation.
Zeberg’s warning comes on the heels of his previous prediction in January 2023, when he forecasted a record high for the stock market followed by a sudden crash. At that time, the S&P 500 was trading at around 4,000 points and Bitcoin was valued at close to $20,000. Currently, the S&P 500 is hovering at 5,321 points and Bitcoin is trading at $70,150.
As investors brace for the potential economic turmoil ahead, Zeberg’s dire warning serves as a stark reminder of the fragility of the financial markets. With the possibility of the largest recession and bear market since 1929 looming, it is more important than ever for individuals to exercise caution and conduct thorough research before making any high-risk investments.
Stay informed and subscribe to receive email alerts from The Daily Hodl to stay ahead of the latest developments in the financial world. Follow us on X, Facebook, and Telegram for real-time updates and analysis. Remember, your financial decisions are your responsibility, so always proceed with caution in the volatile world of cryptocurrencies and digital assets.
