 |
Gerald Celente | |
|---|---|
 | |
| Born | November 29, 1946 |
| Occupation | Trend forecaster |
Gerald Celente (born November 29, 1946) is an American trend forecaster, [1] [2] publisher of the Trends Journal, business consultant [3] and author who makes predictions about the global financial markets and other important events.
Celente was born in an Italian American family in The Bronx, New York City, New York. He had early political experience running a mayoral campaign in Yonkers, New York,[ when? ] and served as executive assistant to the secretary of the New York State Senate.[ when? ]
From 1973 to 1979, Celente traveled between the major US cities of Chicago, Illinois and the United states capital, Washington, D.C. as a government affairs specialist. [4] In 1980, Celente founded The Trends Research Institute (at first called the Socio-Economic Research Institute of America), now located in Kingston, New York, publisher of the Trends Journal which forecasts and analyzes business, socioeconomic, political, and other trends. [5]
Gerald Celente runs a website for financial related content where events are "forecasted" with unknown partners and financial backing offering real world commentary and a service to, "monetize your social media, blog, database, or even your social circle." [ non-primary source needed ]
Hugo Lindgren and ABC News have labelled Celente's predictions "pessimism porn" for their stark pessimism and for the imagined/alleged eschatological "thrill" or opportunity some people might receive from imagining his predictions of the collapse of civil society in the wake of a global economic crisis. [6] [7]
His forecasts since 1993 have included predictions about terrorism, economic collapses and war. More recent forecasts involve fascism in the United States, food riots and tax revolts. [3] [8] [9] [10] Celente has long predicted global anti-Americanism, a failing economy and immigration woes in the U.S.
In 2009 Celente predicted turmoil from the upcoming election of Barack H. Obama.[ citation needed ]
He was a popular guest on conservative cable-TV talk-shows such as Fox News Sunday and Glenn Beck's television program.[ citation needed ]
In April 2009 Celente wrote, "][Wall Street]] controls our financial lives; the media manipulates our minds. These systems cannot be changed from within. There is no alternative. Without a revolution, these institutions will bankrupt the country, keep fighting failed wars, start new ones, and hold us in perpetual intellectual subjugation." [11]
Celente has said, "smaller communities, the smaller groups, the smaller states, the more self-sustaining communities, will 'weather the crisis in style' as big cities and hypertrophic suburbias descend into misery and conflict", and forecasts "a downsizing of America". [9]
In economics, Kondratiev waves are hypothesized cycle-like phenomena in the modern world economy. The phenomenon is closely connected with the technology life cycle.
Pessimism is a mental attitude in which an undesirable outcome is anticipated from a given situation. Pessimists tend to focus on the negatives of life in general. A common question asked to test for pessimism is "Is the glass half empty or half full?"; in this situation, a pessimist is said to see the glass as half empty, or in extreme cases completely empty, while an optimist is said to see the glass as half full. Throughout history, the pessimistic disposition has had effects on all major areas of thinking.
In economics, a recession is a business cycle contraction that occurs when there is a period of broad decline in economic activity. Recessions generally occur when there is a widespread drop in spending. This may be triggered by various events, such as a financial crisis, an external trade shock, an adverse supply shock, the bursting of an economic bubble, or a large-scale anthropogenic or natural disaster. But there is no official definition of a recession, according to the IMF.
The Limits to Growth is a 1972 report that discussed the possibility of exponential economic and population growth with finite supply of resources, studied by computer simulation. The study used the World3 computer model to simulate the consequence of interactions between the Earth and human systems. The model was based on the work of Jay Forrester of MIT, as described in his book World Dynamics.
Business cycles are intervals of general expansion followed by recession in economic performance. The changes in economic activity that characterize business cycles have important implications for the welfare of the general population, government institutions, and private sector firms.
Prediction markets, also known as betting markets, information markets, decision markets, idea futures or event derivatives, are open markets that enable the prediction of specific outcomes using financial incentives. They are exchange-traded markets established for trading bets in the outcome of various events. The market prices can indicate what the crowd thinks the probability of the event is. A typical prediction market contract is set up to trade between 0 and 100%. The most common form of a prediction market is a binary option market, which will expire at the price of 0 or 100%. Prediction markets can be thought of as belonging to the more general concept of crowdsourcing which is specially designed to aggregate information on particular topics of interest. The main purposes of prediction markets are eliciting aggregating beliefs over an unknown future outcome. Traders with different beliefs trade on contracts whose payoffs are related to the unknown future outcome and the market prices of the contracts are considered as the aggregated belief.
Nouriel Roubini is a Turkish-born Iranian-American economic consultant, economist, speaker and writer. He is a Professor Emeritus since 2021 at the Stern School of Business of New York University.
Economic forecasting is the process of making predictions about the economy. Forecasts can be carried out at a high level of aggregation—for example for GDP, inflation, unemployment or the fiscal deficit—or at a more disaggregated level, for specific sectors of the economy or even specific firms. Economic forecasting is a measure to find out the future prosperity of a pattern of investment and is the key activity in economic analysis. Many institutions engage in economic forecasting: national governments, banks and central banks, consultants and private sector entities such as think-tanks, companies and international organizations such as the International Monetary Fund, World Bank and the OECD. A broad range of forecasts are collected and compiled by "Consensus Economics". Some forecasts are produced annually, but many are updated more frequently.
Market timing is the strategy of making buying or selling decisions of financial assets by attempting to predict future market price movements. The prediction may be based on an outlook of market or economic conditions resulting from technical or fundamental analysis. This is an investment strategy based on the outlook for an aggregate market rather than for a particular financial asset.
Google Trends is a website by Google that analyzes the popularity of top search queries in Google Search across various regions and languages. The website uses graphs to compare the search volume of different queries over time.
Marc Faber is a Swiss investor based in Thailand. He is the publisher of the Gloom Boom & Doom Report newsletter, and the director of Marc Faber Ltd, which acts as an investment advisor and fund manager. Faber also serves as director, advisor, and shareholder of a number of investment funds that focus on emerging and frontier markets, including Asia Frontier Capital Ltd.'s AFC Asia Frontier Fund. Faber is credited for advising his clients to get out of the stock market before the October 1987 crash, and with in 2005-06 writing extensively about an impending crash of home prices, prior to the 2007–2008 financial crisis. In 2017 he was criticized for racist remarks.
Faith Popcorn is a futurist, author, and founder and CEO of the marketing consulting firm BrainReserve. She has written three best selling books:The Popcorn Report (1991), Clicking (1996), and EVEolution (2000).
Stock market prediction is the act of trying to determine the future value of a company stock or other financial instrument traded on an exchange. The successful prediction of a stock's future price could yield significant profit. The efficient market hypothesis suggests that stock prices reflect all currently available information and any price changes that are not based on newly revealed information thus are inherently unpredictable. Others disagree and those with this viewpoint possess myriad methods and technologies which purportedly allow them to gain future price information.
Igor Nikolaevich Panarin is a Russian professor and political scientist. He is best known for predicting in 1998 that the United States would disintegrate by 2010. After the date came and went his claim was criticised.
While beginning in the United States, the Great Recession spread to Asia rapidly and has affected much of the region.
Hugo Lindgren is an American magazine and newspaper editor. He was the editor of The New York Times Magazine from 2010 to December 2013 and acting editor of The Hollywood Reporter in 2014. He runs the production company Page 1 Productions with the filmmaker Mark Boal.
The 2007–2008 financial crisis, or the global financial crisis (GFC), was the most severe worldwide economic crisis since the Great Depression. Predatory lending in the form of subprime mortgages targeting low-income homebuyers, excessive risk-taking by global financial institutions, a continuous buildup of toxic assets within banks, and the bursting of the United States housing bubble culminated in a "perfect storm", which led to the Great Recession.
Martin Arthur Armstrong is an American self-taught economic forecaster and convicted felon who spent 11 years in jail for cheating investors out of $700 million and hiding $15 million in assets from regulators.
Pessimism porn is a neologism used to describe the alleged eschatological and survivalist thrill some people derive from pessimistic behavior, specifically predicting, reading and fantasizing about societal collapse through means such as the destruction of the world's economic system. The term was coined in 2009 during the Great Recession.
The Coming Collapse of China is a book by Gordon G. Chang, published in 2001, in which he argued that the Chinese Communist Party (CCP) was the root cause of many of China's problems and would cause the country's collapse by 2011. When 2011 was almost over, Chang admitted that his prediction was wrong but said it was off by only a year, asserting in Foreign Policy that the CCP would fall in 2012. Consequently he made the magazine's "10 worst predictions of the year" twice.
{{cite web}}: CS1 maint: bot: original URL status unknown (link), money.cnn.com, 15 December 1997, retrieved 3 August 2009