Historian Niall Ferguson explains exactly why you should fear a stock market and economic collapse

I have always been a fan of Ferguson. His book Empire treats an ancestor (Ilbert) very kindly but it is as an economic historian where he really excels. Unlike Vince Cable who has predicted 17 of the last 4 recessions, Ferguson gets it right. He was one of those who called 2008 absolutely correctly. And he is now warning of a new disaster ahead making specific predictions.

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