Recent financial instability has sparked warnings of an impending stock market crash.[0] A Finnish economics professor and researcher from the University of Vaasa, Klaus Grosby, has recently released a paper titled “Armageddon of Financial Markets: Is the US equity market eventually going to collapse?” in which he argues that the US stock market will face collapse by 2050.[0]
Grosby believes that events such as the 2008 financial crisis, the pandemic, and the Russia-Ukraine war have served to aggravate global financial systems to a point of “spontaneous singularity” that could have an enormous impact on the global financial ecosystem.[1] He states that US stock growth is unsustainable and that a crash is bound to happen in the coming decades.[2]
It is clear that the world is facing turbulent financial times. It is important to stay informed by subscribing to breaking news stories and alerts from reliable sources, as well as downloading mobile apps to keep up with the latest information. By staying informed, people can make informed decisions and take steps to protect their finances.
0. “Stock Market Crash Alert: The End of the Stock Market Could Come in 2050” InvestorPlace, 6 Feb. 2023, https://investorplace.com/2023/02/stock-market-crash-alert-the-end-of-the-stock-market-could-come-in-2050
1. “Stock market crash: ‘Armageddon’ collapse could hit in 2050, researcher warns” Markets Insider, 4 Feb. 2023, https://markets.businessinsider.com/news/stocks/stock-market-crash-wall-street-recession-financial-crisis-armageddon-collapse-2023-2
2. “Economist Predicts Year He Thinks The U.S. Stock Market Will Completely Collapse” News-Daily.com, 13 Feb. 2023, https://www.news-daily.com/arena/economist-predicts-year-he-thinks-the-u-s-stock-market-will-completely-collapse/article_4cf3d680-2865-5a64-a4ab-c88c5d5460c8.html