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The Business Insider: The Money Game 'The stock market can drop as much as 80%': A 47-year market vet explains why we're in the midst of a global bust — and makes a case for $10,000 gold
  • David Hunter, the chief macro strategist at Contrarian Macro Advisors, thinks the global economy is in the midst of massive "bust" consisting of two distinct phases.
  • Phase two of the bust — which Hunter is forecasting to take place in late 2020 or early 2021 — will be "steeper and deeper" than the ongoing first phase.
  • When all is said and done, Hunter thinks the stock market can lose up to 80% of its value. 
  • Due to unprecedented stimulus and inflationary pressures, Hunter thinks gold can hit $10,000 or higher in this decade.
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