America is experiencing a decline in growth and a stock-market bubble similar to those that occurred right before the Great Depression, a major investment analyst believes.
Mark W. Yusko thinks something like the 1929 stock market crash, which triggered the Great Depression, is imminent.
“I have this belief that we’re flowing toward the path of 1928-29 when Hoover was president,” Yusko, CEO of Morgan Creek Capital, said on CNBC’s Power Lunch.
Part of Yusko’s prediction rests on a Congress that accomplish little. Yusko made his comments even before GOP leaders announced that the effort to repeal Obamacare likely was dead.
The economic downturn, Yusko believes, will occur this fall.
“Both [Hoover and Trump] were presidents with no experience who come in with a Congress that is all Republican, lots of big promises, lots of things that don’t happen and the fall is when people realize…
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The way I see things ... 