Billionaire Koguan warns: Is the stock market crash threatened like 1929?

Billionaire Koguan warns: Is the stock market crash threatened like 1929?

The Indonesian-Chinese-American billionaire Leo Koguan, one of the largest Tesla shareholders worldwide, has recently expressed alarming warnings about the financial future. On Twitter he expressed the worrying forecast: "I think the Third World War is here." He also said that a stock market crash, like in 1929, was imminent, which causes a sensation in financial circles. In view of these gloomy predictions, Koguan has decided to sell his Tesla shares and instead invest in short-term US state bonds. The persistently high public debt of the United States, which are now over $ 36 trillion, as well as the budget and trade deficit are decisive factors for its decision, as reported.

Koguan, who came to wealth through its SHI International software company and previously opened its Tesla shares massively, now has around 27.7 million shares, which is about 0.9 percent of the company. His assets are estimated at around $ 13.5 billion, but he sees the current economic conditions as extremely threatening. He emphasizes that the high debts and the impending deficit could significantly influence the market development, which prompted him to realign his portfolio in order to be better off. This has already caused major reactions in investment circles, while investors are closely observing the situation.

alarming forecasts for the stock exchange

The warnings of Koguan come at a time when the pressure on the global markets increases. Many analysts also believe that uncertainty through geopolitical tensions and financial instability will increase. Koguan is not the only one who is concerned; Numerous experts also see parallels to the economic framework of 1929 when a dramatic stock exchange crash shook the global economy. Such predictions arouse memories of past crises from investors and could have potentially far -reaching effects on trust in the markets.

These developments underline the fragile circumstances in which the financial world is currently located and many about the question of how to strategically position themselves in such uncertain times. Koguan's drastic decision could be a harbinger of a wider market movement that also influences other investors. The situation remains exciting and remains the subject of intensive discussions among experts and investors worldwide, as reported by today.at.