A 47-year market vet explains why he sees the economy's 'super-cycle' hurtling towards depression — and lays out his case for an 80% stock plunge later this year
"We have debt beyond anything we can ever manage," Hunter said. "When you get these surprises, that leverage really exacerbates whatever downturn you get."
"You look at where we are today, and you can become pretty dire about coming out of this," he said. "I think this is the front edge of that bust." He continued: "We will have some sort of a 'V' recovery for a quarter, maybe two, because of all this money — but ultimately, it's all one bust." Unfortunately, Hunter thinks the market's stimulus-induced exuberance will be exhausted in the later portion of the year as participants realize the money printer isn't the panacea that had hoped it'd be.
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