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Greyerz Just Warned Investors To Prepare For A Hyperinflationary Collapse
Today the man who has become legendary for his predictions on QE and historic moves in currencies and metals told King World News that investors need to prepare for a hyperinflationary collapse.
Each week Egon von Greyerz articles are published first on King World News
MAJOR MOVES IN MARKETS
January 9 (King World News) – Egon von Greyerz, Managing Partner of Matterhorn Asset Management continues in part 2 of his powerful two part series: I will now cover what I see in markets in 2023 and coming years.
Stocks have had a major down year globally. This is just the beginning of the extreme overvaluation based on printed money. I would be surprised if stocks on average decline by less than 90% in real terms. The measure for real terms is of course gold.
It will not be a straight line fall and many investors will buy the dips until they have exhausted most of their wealth.
Bonds will probably perform even worse than stocks. Many borrowers, both sovereign and commercial, will default.
The 40 year decline in interest rates has finished. Central banks will lose control of the interest markets as investors panic out of bonds.
The combination of high inflation, collapsing currencies and defaults on a massive scale will turn the bond market into a historic horror story……..more here
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