Macro guru Henrik Zeberg is issuing a dire warning to investors, saying that a type of market meltdown not witnessed in nearly a century is around the corner.
Zeberg shares with his 102,100 Twitter followers a chart that shows how the NAHB (National Association of Home Builders) Housing Market Index (HMI) and the US unemployment rate tend to move in tandem with each other.
The HMI looks at the health of the US housing market by rating the relative level of current and future single-family home sales.
According to Zeberg, the HMI and the US unemployment rate are behaving eerily similar to the way they did during the 2007 housing market meltdown that triggered the Great Financial Crisis.
The macroeconomist also predicts a massive stock
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!