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His book articulates his vision in great detail. In particular he stresses how slowly everything will happen: so slowly that it will be barely perceptible
His book articulates his vision in great detail. In particular he stresses how slowly everything will happen: so slowly that it will be barely perceptible
Rough translation; 'I have lots of put options and CDSs and have invested heavily in US and UK bonds'. I really need this crash to happen otherwise I will lose my shirt and people will stop buying my books.'
House prices slumping by 50 per cent or more. Big-name companies failing in their hundreds. The FTSE declining for decades in a series of steep crashes, interspersed with smaller rallies.
These are the apocalyptic visions of respected - and to date uncannily accurate - economist and investment manager David Kauders.
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