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An Ivy League professor who nailed the financial crisis says another ‘colossal disaster’ is on the way — and warns of a 50% market crash

trader yell angry upset phone

  • Dave Collum, professor of organic chemistry at Cornell University, was able to sidestep the financial crisis after he noticed a calamity brewing in subprime mortgages as early as 2002.
  • Today, he sees vast corporate excesses, massive debt loads, and extremely exuberant valuations as cause for concern.
  • Collum warns of a 50% stock crash that would bring valuations back to historical averages.
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Investor anxiety in today’s marketplace is palpable.

Much of that nervous, jittery feeling can be attributed to the coronavirus as fears of a global pandemic weigh on market sentiment.

Still, outside of the read more >>>

Source:: BusinessInsider.Com