Analyst Michael Markowski Discovery of Tariff Causing 1929 Crash Requires Rewriting of History Book
Coming up on Spotlight Television on October 27th, part 2 of its interview with Michael Markowski, a visionary analyst who predicted in advance that the market would crash on October 10th, 2018.
By: Michael Markowski
While there's never a perfect answer to explain the major trend changes for the markets here is one financial pro who conducts investigative research on the past to predict the future.
Before Wall Street's October panic Jason Feinberg, the host of Spotlight Television sat down with Michael Markowski, in September to pre-tape his two-part interview. During the interview Mr. Markowski explained how the Smoot Hawley Tariff which was not enacted until June of 1930 was the cause of the October 1929 market crash. Mr. Markowski's article entitled "Tariffs Caused the Crash of 1929 and Will Cause the Next Crash" was recently published on Tuesday October 23, 2018, the 89th year anniversary for the day the 1929 market crash began.
During part 1 of the interview which aired on the Fox Business Channel on Sunday October 21, Markowski explained the rationale behind his predicting that a day of reckoning was approaching for the market. During part 2 of the interview Markowski revealed that the history books and the History Channel have it all wrong about what caused the crash of 1929. Historians have recorded that rampant fraud and speculation was the cause of the debacle which in turn caused the Great Depression. According to Markowski, the Smoot Hawley Tariffs caused the October 1929 market crash even though the tariffs were not enacted until June of 1930.
Known as the man who accurately predicted previous market crashes to the exact date, Markowski successfully predicted two crashes for the market in his career. The first was a "day of reckoning" for Lehman, Bear Stearns, Merrill Lynch, Morgan Stanley and Goldman Sachs in his September 2007 Equities Magazine article entitled "Have Wall Street's Brokers Been Pigging Out?". Markowski's latest "Day of Reckoning Approaching for Market" article was recently published on Tuesday October 9th, the day before the October 2018 crash began.
Mr. Markowski has been a visionary since he entered the capital markets in 1978. He spent the first 15 years of his career in the Financial Services Industry as a Stockbroker, Portfolio Manager, Venture Capitalist and investment Banker. For the past 19 years he has been producing research, information and products that have been used by investors to increase their performance and reduce their risk. Throughout his 40 years in the Capital Markets he has endeavored to discover the Financial Statement metrics which drive the valuations of assets and has developed algorithms that he uses to predict the future.
During part 2 of the Spotlight interview Mr. Markowski who is the Director of Research for BullsNBears.com, a website which educates investors about bull and bear markets explained why there has been an equal number of secular bull and bear markets since 1802. Additionally, Mr. Markowski provided his rationale as to why Tesla will go out of business unless it makes drastic change to its business model. Finally, he gave his insight on crypto currencies and the role that Overstock.com is playing in crypto.
During part 1 of his interview which is available in a link below:
Mr. Markowski explained how six stocks including Facebook, Apple, Amazon, Microsoft, Google and Netflix would be the cause of a stock market decline of at least 60%. crash. He also explained his rationale as to why it will take until 2030 for the market to eclipse the highs for the secular bull market which began in 2009. Mr. Markowski's October 3rd article entitled "Frenzied Market Blow Off Underway" coincided with the Dow Jones index closing at its all-time high.
Ruth Collins the Executive Producer of Spotlight Television stated "Mr. Markowski was my most fascinating interview ever, to have interviewed someone who will have contributed to a major piece of history being rewritten 89 years ago is beyond fascinating"
The interview with Michael Markowski is scheduled to air on Fox Business Network as sponsored content at 3:30 pm EDT on October 27th, 2018.
For more information about Mr. Markowski and access to his articles go to www.bullsnbears.com.
"Spotlight Television" is a news magazine show that shines the spotlight on the next big thing… products and people who are making a difference. Each week, "Spotlight Television" will feature exciting guests from a wide range of industries, all of whom are luminaries in their respective fields.
Amber Collins-Parnell (Media Department)