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

CNBC/Karen Gilchrist/9-3-2022

cartoon image of an ostrich with its head buried in the sand

“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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