Politics Magazine

30 Year Bear Market

Posted on the 20 May 2016 by Adask

Milton Berg is the founder and CEO of MB Advisers–a Wall Street financial institution.

Mr. Berg is predicting a “30 year bear market” in stocks and bonds.  T-h-i-r-t-y years.

I’m skeptical.  A 30-year bear market in stock and bond markets would almost certainly correspond to a 30-year Greater Depression.

I expect a global depression that will last somewhere between 5 and 10 years.  I could imagine a depression lasting 15 to 20 years.  But I find the prospect of 30 years of global economic depression to be extremely unlikely.

Still, Berg is no dummy and he’s certainly more knowledgeable than I am in such matters.  Therefore, a 30-year bear-market/depression is at least conceivable.

Whatever the duration, consensus is growing that we’re on the verge of a “Greater Depression”.

video    00:05:17

Here’s a link to the same video in a clearer format:

http://www.bloomberg.com/news/videos/2016-05-11/milton-berg-we-re-at-the-cusp-of-a-30-year-bear-market


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