The author of the personal finance book ‘Rich Dad, Poor Dad’ Robert Kiyosaki, has extended his bearish stand on the global economy amid prevailing fears of an impending recession.
Indeed, Kiyosaki has stated that the global economy is what he termed as ‘the biggest bubble in history’ adding to his long-term gloomy economic prediction, he said in a tweet on November 25.
Interestingly, the author notes that he does not invest in products such as equities and bonds while calling on investors to ditch paper assets.
“Many of you know I do not invest in equities, bonds, ETS or MFs. Please DO NOT listen to what I’m going to say next: “I would get out of paper assets.” The world economy is not a “Market.” I believe the economy is the biggest bubble in world history. God have mercy on us all,” he said.
Gloomy economic outlook
Notably, the global economy has greatly been impacted…
