ALBERT EDWARDS: Chinese devaluation is leading to ‘a financial market rout every bit as large as 2008’

Many experts continue saying the second half of September 2015 and the first half of October 2015 is the beginning of a major and imminent turning point for the world economy — and much graver than what was seen in 2008 or the Great Depression. For example, former Reagan advisor Martin Armstrong and his forecasting model that has never gone wrong are predicting a hit in the first week of October 2015, or 2015.75.

See also: The Shift in Public Confidence: 2015.75

Batten down the hatches.

 

Societe Generale Economist Albert Edwards might have finally out-beared himself. He says the China devaluation is a step towards “a financial market rout every bit as large as 2008.”

In his latest note, Edwards says the Chinese currency devaluation is the beginning of a period of serious foreign exchange weaknesses in Asia.

The Shift in Public Confidence: 2015.75

 

There are many aspects that are lining up with the turn in the ECM (Economic Confidence Model) from the Blood Moon and the Jewish Year for forgiving the debts, to France imposing restrictions on cash in September, and even in Germany the laws that protected about half a million people so-called dachas there in East Germany expire. To date, a law protecting the tenant against dismissal by the municipality will also expire October 3, 2015. Everywhere we look, there are changes coming to a head, right down to the U.S. Federal budget with 2015.75.