Tags: lipstick | signals | stock | crash

Lipstick Indicator Signals Stock Market Crash, Prophetic Economist Agrees

By    |   Friday, 27 November 2020 12:52 AM

Years ago, Leonard Lauder, co-founder of the Estee Lauder cosmetics company, found that during difficult economic times, women spent more money on beauty products like lipstick and makeup and less on higher-priced items like shoes and handbags.

This became popularly known as the “lipstick indicator.”

Based on recent data, it looks like Americans need to prepare for another significant drop in the financial markets.

During the company’s recent quarterly earnings announcement, Estee Lauder reported strong results, with revenues increasing 10 percent and profit margins better than expected.

In short, Estee Lauder is selling more lipstick, perfume, and makeup now than it was earlier this year.

While some may laugh this off as a novelty, one leading expert warns that this is just one of many indicators pointing toward a massive slowdown in the U.S. economy.

Working with a team of economists to verify his findings, he says his indicators point to a 50% unemployment rate, a 90% drop in the stock market, and perhaps the most worrisome to Americans living on a fixed income, 100% inflation as soon as 2013.

Editor’s Note: See the Charts That Back Up His Chilling Predictions by Clicking Here

The upsetting claims come from a recent interview with Robert Wiedemer, economist and the author of the NY Times best-selling book Aftershock.

Now before you dismiss Wiedemer’s claims as impossible or unrealistic, consider this: In 2006, Wiedemer and a team of economists accurately predicted the collapse of the U.S. housing market, equity markets, and consumer spending that almost sank the United States.

They published their research in the book America’s Bubble Economy.

When the interview host questioned Wiedemer’s claims, particularly the huge spike in inflation that he predicts, the author laid out a clear, and irrefutable, explanation.

“The 300% increase in the money supply we have experienced, much of it is sitting in excess reserves at the Federal Reserve and with the big banks.

These funds haven’t made it into the markets and the economy yet.

But it is a mathematical certainty that once the dam breaks, and this money passes through the reserves and hits the markets, inflation will surge.”

When the host asked simply “Why don’t they just stop printing money?” Wiedemer was unapologetic.

“They don’t think it’s a bad idea.

“They’ve seen how it’s propped up the stock market and a good portion of the economy, and they believe they are fighting off deflation; they aren’t worried about inflation.

And some of the more liberal-leaning economists are calling for even more aggressive money printing. That’s preposterous.”

Wiedemer says the blame lies squarely on those whose job it was to avoid the exact situation we find ourselves in, including current Federal Reserve Chairman Ben Bernanke and former Fed Chairman Alan Greenspan, tasked with preventing financial meltdowns and keeping the nation’s economy strong through monetary and credit policies.

Watch the powerful interview with Robert Wiedemer that has been viewed over 40 million times.

At one point, Wiedemer even calls out Bernanke, saying that his “money from heaven will be the path to hell.”

The interview, now viewed over 40 million times, has become a wake-up call for those unprepared (or unwilling) to acknowledge an ugly truth: The country’s financial “rescue” devised in Washington has failed miserably.

But it’s not just the grim predictions that are causing the sensation in Wiedemer’s video interview. Rather, it’s his comprehensive blueprint for economic survival that’s really commanding global attention.

The interview offers realistic, step-by-step solutions that the average hard-working American can easily follow.

The video was initially screened for a relatively small, private audience. But the overwhelming amount of feedback from viewers who felt the interview should be widely publicized came with consequences, as various online networks repeatedly shut it down and affiliates refused to house the content.

Bernanke and Greenspan certainly would not support Wiedemer publicly, and it soon became apparent mainstream media would not either.

“People were sitting up and taking notice, and they begged us to make the interview public so they could easily share it,” said Newsmax Financial Publisher Aaron DeHoog. “But unfortunately, it kept getting pulled.”

“Our real concern,” DeHoog added, “is the effect even if only half of Wiedemer’s predictions come true.

“That’s a scary thought for sure. But we want the average American to be prepared, and that is why we will continue to push this video to as many outlets as we can. We want the word to spread.”

Editor’s Note: For a limited time, Newsmax is showing the Wiedemer interview and supplying viewers with copies of the new, updated Aftershock book including the final, unpublished chapter. Go here to view it now.

© 2020 Newsmax Finance. All rights reserved.

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Friday, 17 August 2012 02:07 PM
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