Cornell Chemist David Collum Warns of Unprecedented 'Generational Bear Market'

Cornell University professor and financial macro commentator David Collum issued a severe warning on broader market valuations, forecasting an impending "generational bear market" that he believes will be worse than any market downturn in modern history.
Collum, known for his critical macroeconomic annual reviews and Austrian economics perspective, argued that decades of artificial central bank intervention, record sovereign debt expansion, and extreme valuation multiples across risk assets have built unprecedented systemic fragility that will trigger a protracted deflationary reset once current liquidity dries up.