Skip to content
Subscriber Only

Guggenheim’s Minerd Sees 10%-20% Chance of Global Depression

The chances of a global depression are growing as the coronavirus spreads and forces economic contraction, according to Scott Minerd, chief investment officer of Guggenheim Partners.

“This thing could spiral into something akin to a global depression,” Minerd said in a Bloomberg Television interview on Monday. “That risk is not remote at this point. I would say we have at least a 10% or 20% chance of that.”