- The market and the economy will have a meltdown in 2023, according to market veteran Gerald Celente.
- Celente, who previously called the dot-com crash, warned that higher rates could spark huge volatility.
- A market crash could also escalate a wider world war beyond the borders of the Russia-Ukraine conflict.
Markets and the economy are facing a potential meltdown in 2023, and it could escalate a new world war beyond the borders of the ongoing Russia-Ukraine conflict, according to Gerald Celente, a 40-year market veteran who called the 1987 market crash and the burst of the dot-com bubble.
“We’re talking about a market meltdown,” Celente said in an interview with Kitco News on Wednesday, warning that interest rates have yet to peak and that means more pain for markets.
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