Phil Cannella – Phillip Cannella News: Phil Cannella, like other renowned economists, is predicting another market crash in the not too distant future.
In these words, Phil Cannella says, “Historically, the markets in this country haven’t increased for more than five years consecutively. The exception came in the 1990s, a decade that enjoyed nine years of off the chart climbs. Billions of dollars were poured into the technology sector and anything dot-com, much to the delight of countless visionaries and their shareholders. Prosperity, however, has the tendency to blind. It led these entrepreneurs and investors to forget history, statistics and the cyclical nature of the market. On March 10, 2000, the market tumbled down in an instant, to the horror of all those involved. And it kept spiraling down for nearly three years.”
This is why Phil Cannella is predicting the next crash to come somewhat soon. One look at history tells you all you need to know. And if it doesn’t come so soon, there is no doubt it will come sooner or later based on the fact that the economy has been falsely propped up with all the quantitative easing. With trillions of dollars pumped into the economy, Phil Cannella indicates that the economy has not expanded based on true economic factors of prosperity, but on the fallacy of easy money from the Fed.
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