Henrik Zeberg, a macroeconomics expert, has issued a grave warning to investors that a market crash not seen in almost a century is imminent.
Zeberg shares a chart with his 102,100 Twitter followers showing the correlation between the NAHB (National Association of Home Builders) Housing Market Index (HMI) and the US unemployment rate.
The HMI evaluates the health of the U.S. housing market by measuring the level of current and projected sales of single-family homes.
According to Zeberg, the HMI and the U.S. unemployment rate are acting disturbingly similar to how they did during the 2007 housing market collapse, precipitating the Great Financial Crisis.
In addition to a significant stock market rise, the macroeconomist forecasts a housing market crash. “The parallels are frightening! Coming equity market crash will be worse than 2007-2009 (and the worst since 1929).”
According to Zeberg, the high-profile failure of Silicon Valley Bank (SVB) might set off a chain reaction that sparks his anticipated stock market increase.
This occurs at a period when the economy is not in recession. The market will respond with an EXTREME RALLY TO ALL-TIME HIGHS before to recession and the most significant market collapse since 1929.”
Zeberg also predicts that the US economy will be in a recession by the end of the year. The United States will enter a recession by the end of 2023.
Also Read: Vice Chair of the U.S. Federal Reserve Announces the Formation of a “Specialized Team of Experts” on Crypto