David Levy said, "The latest global economic news is clearly pointing to the upcoming economic downturn in 2015." David disclosed this to clients in the monthly forecast report published on October 23.
The reason given by David is that the balance sheets of the United States and most developed economies are still the cause of the next round of financial crises, and policy makers are unable to return to the sky. At the same time, the low inflation rate of many economies may fall into deflation.
The risk facing the United States is that US exports account for a large proportion of GDP, while American companies earn profits from overseas. In addition, the US housing market cannot resist the blow of the bear market.
In September 2010, David Levy told Bloomberg Television that the probability of the next round of economic recession in the United States was 60%, despite the strong performance of the US economy.
The Jeromi Levi forecast center is located in New York, David Levy is the current president, and his grandfather Jerome Levy sold stocks before the October 1929 crash.
Eighty years later, the consulting firm named Jerome Levy accurately predicted that “the bursting of the housing market bubble will lead to the next recession.†In February 2007, the agency predicted that the subprime mortgage market exists. The problem will spread to the entire financial market. In October 2007, the agency predicted the upcoming recession. Just two months later, the prophecy began to take place. (Cai Long / Compilation)
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