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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