FacebookTwitterLinkedInTelegramCopy LinkEmail

Investors Beware: Largest Market Crash Since 1929 on the Horizon

Investors Beware: Largest Market Crash Since 1929 on the Horizon

Henrik Zeberg, an expert in macroeconomics, has expressed a concerning outlook for investors, warning of an impending market downturn unlike anything seen in the past century.

Zeberg recently shared a chart with his sizable Twitter following of 102,100 users that demonstrates how the National Association of Home Builders Housing Market Index (HMI) and the US unemployment rate have historically correlated with each other.

The HMI gauges the state of the American housing market by evaluating the current and projected sales of single-family homes.

Zeberg has observed striking similarities between the current state of the HMI and unemployment rate and those that existed just before the 2007 housing market collapse, which resulted in the Great Financial Crisis.

Zeberg has predicted that the impending housing market crash will coincide with a significant surge in the stock market.

READ MORE: Here is the Worst Case Scenario for Crypto, According to Benjamin Cowen

He believes that the recent collapse of Silicon Valley Bank (SVB) may be the catalyst for the predicted stock market rally.

According to Zeberg, the stock market will soar to all-time highs before the onset of a recession, which will trigger the largest market crash since 1929. He also anticipates that the US will enter a recession by the end of 2023.

Alexander Stefanov

Reporter at CoinsPress

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.

Learn more about crypto and blockchain technology.