'Much worse than the 1970s': Historian Niall Ferguson has a warning for investors

I wonder if people that experienced the 2008 crash had it easier because this market conditions are driving me to insanity, my portfolio has lost over $26500 this Nov. alone my profits are tanking and I'm don't see my retirement turning out well when I can't even grow my stagnant reserv.

It is gone, we lived through the zenith of our time.The corrupt government will take down this country like what happened to Rome. My condolence for anyone approaching retirement you may have concerns over whether your pension pot will stretch to cover the rising costs of living. Bad energy policy, bad foreign policy, bad regulatory policy , and insane fiscal policy.

I can envision double digit inflation. I’m 68 years old, I was a young family man trying to get my first mortgage back then (early ‘80’s). 9% adjustable mortgage, that jumped up twice into double digits. It took us years and years to recover from that. The upside was that we learned to live frugally. That is really important. Really. Learn to cook at home, drastically reduce dependence on restaurant food. Drugs, gambling…… really? Plenty of other ways to have fun. Find a reasonably priced fitness place, convenient to where you live, and exercise on a regular basis. Oh…. Here’s the key. Either don’t get married, or, find the right mate and DON’T get divorced. Invest in sensible ETF’s and diversify. Many of the personal finance sites I read stress buying and holding rental properties. Might be good, but I have seen and heard so many nightmare stories. That’s enough….good luck.

Love economics because nobody really knows anything.

If I may add a slightly pessimistic note; it seems to me that quite often throughout history, politicians have distracted populations from internal unrest and mistrust of government, by getting into “good little wars” and everyone is either “with us or with them”. A distraction from problems that are very often created by their own politicians actions. And during war, privations and currency correction, can be addressed with impunity

If they went back to calculating inflation the way they did in the 70s we would be at double digit inflation now

Wonderful discussion but we must NEVER interrupt such a guest like this one. Let him stay on his subject and continue to talk and teach us. Thank you. A great program and otherwise a good interviewer. RS. Canada

Heading for recession the UK has been in one for 6 months. Great interview and he is spot on

In 2009 Warren Buffet was saying that we will have inflation worse than 1970's.He also was saying about US bankruptcy

No matter how bad things get, Davos men and women will always be sitting in nice settings, eating good food and either making plans for the rest of us or being interviewed about those that do.

How about we measure inflation now the same way we did in the 70’s? If we did, we would already be at 14-18%…

Transfer of wealth usually occur during market crash, I've been looking up strategies and apparently both bull and bear market condition provides equal avenue to accrue massive gains, and a news article particularly mentioned a 54 year old that made $280k in 8weeks, how do I learn these strategies, my portfolio has been stagnant for months.

This is the best interview I saw this year. Both the host and guest are superb. Thank you.

He’s the guy that tells you what happens after it happens. He doesn’t know what’s going to happen anymore more the anyone else.

Where is the location the interview taking place?

Can we do another episodes on how accurate experts have been before and after COVID-19? thank you.

Excellent valuable discussion...

We are already in the big crash, Inflation is a catastrophe. To bring the stock market to a halt, the FED will have to pull all the stops. The unfortunate issue is that other markets are being decimated. If you want to stay green, you have to rely on a lot of diversification. Currently up 14% and being careful. Still a better deal than leaving it in a savings or checking account yielding 0-1 percent interest.

The higher level of debt is DEFLATIONARY. If inflation grows, the value of that debt declines. The decline was inconsequential in the 1970s, but it is huge today.

WHERE IS THE LOCATION?