Mark Yusko: I’m Telling You Right Now, The US Is Going To Have A Massive Crash
by Stephen McBride via MauldinEconomics.com,
ZeroHedge.com
May 26, 2017
“I’m telling you right now, the US is going to have a crash and it will be massive,” asserted Mark Yusko at Mauldin Economics’ Strategic Investment Conference.
In his keynote speech, Mark Yusko, CIO of Morgan Creek Capital Management, outlined where he sees the biggest opportunities and risks for investors are today.
Demographics Are Destiny
Mark began with the big story of the SIC 2017—demographics.
He believes that efforts to generate growth through fiscal stimulus and tax cuts will prove futile because the working-age population in the US is declining. As such, consumption—which makes up 70% of the US—will continue to fall.
Mark thinks instead of taking off, the US economy is on the cusp of a recession.
Headed for Recession
Mark points to key indicators such as credit growth and tax revenues, which are declining, as proof a recession is around the corner.
The Rest…HERE
