Economics
Great Depression Is Closest Parallel to Pandemic, Warns Odey
- His main hedge fund returned 21% in biggest gain since 2009
- He slams regulators decision to force banks to scrap dividends
Unemployed line up outside a soup kitchen in New York during the Great Depression.
Source: UniversalImagesGroup via Getty Images
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The global economy is slipping into a “different era” as the devastation in industries from oil to services roils markets, hedge fund manager Crispin Odey cautioned his investors.