Stocks Dropped 89% – Will It Happen Again?
Financial researcher Alasdair Macleod draws parallels between current market conditions and those of 1929, just before the Great Depression. He observes that the disparity between bond yields and equity valuations today mirrors the imbalances seen before the 1929 crash. This disconnect could lead to a severe market correction, similar to the initial panic that triggered the Great Depression. Macleod warns that while central banks attempt to stabilize the situation, the underlying economic issues could result in a prolonged and significant downturn, wiping out the wealth of many people, pensions, and companies.
Credit to : Liberty and Finance