Top Financial Consultant Says Market is Headed for Global Collapse [VIDEO]

A financial consultant predicts that global debt means a “bear market” for the next thirty years.

Global debt means the stories of “local” financial crises, like Puerto Rico, Greece, Canadian provinces, and other places, are not really local at all. They are all cracks in one global bubble that is about to crash. Milton Berg makes the case on Bloomberg for a thirty-year “bear market.”

You can view the video here. Since it starts automatically I decided not to embed it.

Bloomberg columnist Michael P. Regan writes on the financial conference where Berg was interviewed:

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Still, no one stood out quite like consultant Milton Berg. To a crowd of hedge-fund managers who are likely all too aware of the fact that the industry outperforms only during bear markets, Berg dangled this delightful prospect: “A bear market in both stocks and bonds that will last up to 30 years.”

Thirty years!

It would be easy to dismiss this sensational forecast as just another Chicken Little warning from another perma-bear crackpot, but Berg is not exactly a perma-bear or a crackpot. He’s held senior positions at Duquesne Capital, Soros Management, Steinhardt Management and Oppenheimer Funds. You can track his calls with the MB Tracking Portfolio which, according to his bio, has gained 52 percent since inception at the beginning of 2014 while the S&P 500 has gained 12 percent.

In other words, you’re not hearing this prediction from some crank or an “alternative” newsletter. This is a recognized authority. It also backs up Donald Trump’s prediction about the economy.

This is an unpleasant scenario and I don’t blame you if you resist believing that it is going to come to pass. But it would explain several things—not least why the Obama Administration is trying to start another housing bubble.

(Thanks to for the link to the video.)

Joe Scudder

Joe Scudder is the "nom de plume" (or "nom de guerre") of a fifty-ish-year-old writer and stroke survivor. He lives in St Louis with his wife and still-at-home children. He has been a freelance writer and occasional political activist since the early nineties. He describes his politics as Tolkienesque.

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