Banking Expert: 50bp Cut Shows 'Dark Day' Is Coming to America Many Americans were "excited" to hear about the recent 50bp rate cut from the Fed. But they probably don't know that for the past 30 years, every time the Fed has begun rate cuts with a 50bp move, it ends in a major crash. It happened in 2001... The Fed cut by 50bps, then the stock market fell 31%. It happened again in 2007... The Fed cut by 50bps, then the Great Financial Crisis hit. With the Fed yet again starting with a 50bp cut in 2024, students of history know to be concerned. But according to one of the foremost banking experts in America, what's coming this time is set to be much worse than any event we've ever seen before. "A disturbing new event is coming to America... and it will erase trillions of dollars from our economy ," says Dan Ferris, a senior analyst who has called almost every major banking and financial crisis of the last 25 years.
Ferris notably predicted the collapse of Lehman Brothers in March 2008, just five months before the bank shut down. Now, he says: "History is repeating... and millions of Americans are about to be blindsided. But this time, it's much worse." Ferris is recommending you consider moving money to a new type of investment, right away. (It's not gold, real estate, or a cryptocurrency.) He adds: "You have probably never heard of it... but professional funds sure know about it – the capital stored in this 'escape' asset has surged 99,900%."
Today, because you may have just weeks left to prepare, Ferris has agreed to share his latest market research for free. Click here to see his new research now. Sincerely, Matthew Weinschenk Director of Research, Stansberry Research |
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