David Hunter, the chief macro strategist at Contrarian Macro Advisors, is issuing an apocalyptic forecast about a historic economic collapse unlike the world has seen in 75 years.
In a new interview on The Contrarian Investor Podcast, Hunter says a parabolic rise in equities will set the stage for a huge market crash.
“I think we’re going to see something that includes a very large financial crisis — probably the largest financial crisis in history — including major bank failures, not so much here, but Europe, maybe Asia banks, and also a lot of involuntary debt liquidation.”
Though he thinks a crash is imminent, Hunter believes that the steepest part of the current upward rally is still ahead of us and will occur between now and around the time of the US election.
“It’s been a hell of a ride from March… I’m still looking for and actually been using since March, a