Latest / The Julia La Roche Show
#281 Peter Grandich: The Stock Market Is 'Very Vulnerable' To A Crash Or Hard Fall, More Concerned Than 1987, 1999 or 2007
Peter Grandich, veteran of 40+ years on Wall Street, delivers his most dire warning yet, saying he's more concerned than during the 1987 crash, dot-com bubble, or 2008 financial crisis due to deteriorating political, social, and economic conditions. He describes a dangerous "K-economy" where the top 10% own 86% of assets while the bottom 50% use credit cards for basic necessities, creating fertile ground for socialist candidates. Grandich warns markets are in a final melt-up phase driven by passive investing and computer trading, with no political cohesion to address the next crisis. He…
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