Courtesy of Mish.
In a Bloomberg TV interview, Milton Berg, founder and CEO of MB advisors says “We’re at the cusp of a 30-year bear market in stocks and bonds.”
Click on link to play.
Berg’s view is on a 30-year bear market is on a “real inflation-adjusted basis, not a nominal basis”.
The is the “most over-valued equity market in history, worldwide” …. not even a Mario Draghi “whatever it takes” action will help.
“It’s all one big worldwide bubble.”
I especially like Berg’s admission that he does not know how this ends.
“Either deflation is going to accelerate, which is most likely, or they [central banks] will turn to real inflation, real printing, rather than just credit inflation. Either way it’s disastrous.”
