‘Why shouldn’t it be as bad as the 1970s?’: Historian Niall Ferguson has a warning for investors

CNBC/Karen Gilchrist/9-3-2022

graphic showing the 1970s do not equal the 2020s“Speaking to CNBC at the Ambrosetti Forum in Italy, Ferguson said the catalyst events had already occurred to spark a repeat of the 70s, a period characterized by financial shocks, political clashes and civil unrest. Yet this time, the severity of those shocks was likely to be greater and more sustained.”

USAGOLD note:  Much of Wall Street is in denial of the future Ferguson sees knocking on the door……

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