Ron Paul thinks the selloff could spark depression-like conditions that could be 'worse than 1929' [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
Ron Paul is warning this year's corrections could be a precursor to an epic market collapse that may come sooner than investors think. According to the former Republican presidential candidate, Wall Street is becoming more vulnerable to near-depression conditions within the next 12 months. Once this volatility shows that we're not going to resume the bull market, then people are going to rush for the exits, Paul said Thursday on CNBC's Futures Now . The relentlessly bearish former congressman added that It could be worse than 1929. During that year, the stock market began hemorrhaging, falling almost 90 percent and sending the U.S. economy into a tailspin. Paul, a well-known Libertarian, has been warning Wall Street a massive market plunge is inevitable for years. He's currently projecting a 50 percent decline from current levels as his base case, citing the ongoing U.S.-China trade war as a growing risk factor. I'm not optimistic that all of the sudden, you're go
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- 4/17/24 - Form 3
- 4/15/24 - Form 8-K
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