Analyst anticipates ‘worst’ financial crisis since 1929 amid fears of a global recession

CNBC/Elliot Smith

graphic image London Herald 1929“We came into this with all sorts of problems hiding within the momentum of a massive bull market, which again leads me to feel extremely concerned that the selling is only abating temporarily, and that we are still looking, unfortunately at a very, very difficult situation.” – Stephen Isaacs, Alvine Capital Management, CNBC SquawkBox interview

USAGOLD note:  Isaacs addresses a point we have made previously on this page, i.e., the velocity of this stock market crash is worse than October 1929.  The eerie similarities between the two events have spooked even veteran investors and analysts.

Repost from 3-23-2020

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