CELENTE: Global economy shifts from bad to worse

Since Israel and the United States launched the Iran War on 28 February, the global economy has shifted from bad to worse.

Some two months ago, before the war began, U.S. equity markets were in deep decline, with some sectors falling into correction territory. We detailed why this was going to happen and when it happened inThe Trends Journal.

Among the reasons for the equity market fallout was our forecast of aDot-com Bust 2.0, which detailed how there was, and still is, vast over- investment in AI companies that are deep in debt.

Making a bad over-investment in U.S. AI companies worse, we also had forecast that China will become the AI world leader.

Source: Trends in the News