Billionaire says US markets feel ‘exactly like 1999’ — says assets are poised for potential crash. How to capitalize now
Yahoo Finance·2025-11-04 11:55
His forecast? “We're in a period that's conducive for massive price appreciation in a variety of assets.”He noted that in 1999, the Federal Reserve was raising rates and the federal government was running a budget surplus. Today, investors are staring at potential rate cuts (one has already happened since Jones spoke) and a 6% deficit — a combination he called the “most unique and aggressive fiscal and monetary conditions” since the post-war era.The reason behind Jones’ confidence in a potentially bigger ru ...