Millions of Americans will have their retirement and savings destroyed by a looming plunge of some 50 percent, one economist has warned.
The word of caution was provided by private equity fund manager Grant Cardone Sunday, as wrapped its third positive day in a row. Prior to that growth continuing Monday, said the state of the US stock market is a cause for concern.
As proof, the 20-year vet pointed to the history of the also rising S&P's yield curve, which has been inverted for over 500 days. This has only happened three times in the past century, he said - citing crises in 1929, 1974, and 2009 that came after.
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