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: