MARK YUSKO: 'The US is going to have a crash and it will be massive'

In his keynote speech, Mark Yusko, CIO of Morgan Creek Capital Management, outlined where he sees the biggest opportunities and risks for investors are today.

He believes that efforts to generate growth through fiscal stimulus and tax cuts will prove futile because the working-age population in the US is declining. As such, consumption—which makes up 70% of the US—will continue to fall.
Mark points to key indicators such as credit growth and tax revenues, which are declining, as proof a recession is around the corner.

Read the full story here via Business Insider