A 47-year market vet explains why he sees the economy's 'super-cycle' hurtling towards depression — and lays out his case for an 80% stock plunge later this year
"We have debt beyond anything we can ever manage," Hunter said. "When you get these surprises, that leverage really exacerbates whatever downturn you get."
"You look at where we are today, and you can become pretty dire about coming out of this," he said. "I think this is the front edge of that bust." He continued: "We will have some sort of a 'V' recovery for a quarter, maybe two, because of all this money — but ultimately, it's all one bust." Unfortunately, Hunter thinks the market's stimulus-induced exuberance will be exhausted in the later portion of the year as participants realize the money printer isn't the panacea that had hoped it'd be.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Stock market crash: Path to economic depression and 80% S&P 500 plunge - Business InsiderA 47-year market vet explains why he sees the economy's 'super-cycle' hurtling towards depression — and lays out his case for an 80% stock plunge later this year
Lire la suite »
As Local TV Stock Prices Falter, Fox Corp. Seen On Steadier Path During CrisisStocks of the biggest U.S. local TV station owners, among them Nexstar, Sinclair, Tegna and Gray, continue to slump badly as investors recoil from their exposure to a worsening ad market. Even so, …
Lire la suite »
Coronavirus could complicate Trump's path to reelectionThe coronavirus is poised to reshape the political map, pummeling battleground states and alarming Republicans who see early signs of an election that could be a referendum on President Donald Trump’s management of the crisis. The pandemic, which has killed more than 30,000 Americans and left millions
Lire la suite »
Longtime NRA attorney says group's own lawyer embarked on 'highly destructive path,' court documents showCourt filings that appear to have been improperly redacted revealed the quotes from a former top NRA attorney.
Lire la suite »
No clear path for NBA to return amid coronavirus outbreak, says commissioner Adam SilverThe NBA season has been suspended since March 11.
Lire la suite »
Retirement savers stayed calm while stock markets plungedOnly 5.6% of people enrolled in a 401(k) plan changed their portfolio allocations in the first quarter.
Lire la suite »