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[hfe_template id='11223'] [ad_1] Renowned economist Jim Walker of Alethia Capital, known for accurately predicting the 2008 financial crisis, has once again shared his views on the global economy. While many fear that the current market excesses could lead to another catastrophic downturn, similar to 2008, Walker disagrees. In an interaction with ETNow, he emphasized that while the world is facing a slowdown, the situation today is fundamentally different from the conditions that led to the global financial meltdown over a decade ago. Walker, who made his infamous 2006-07 forecast about the impending collapse of the U.S. housing market, noted that this time, the warning signs are not as apparent. He explained, “It is certainly not as apparent as it was in 2006-07 when we first made the forecast that the US economy was really headed for not just a recession, but a massive downturn on the back of the property sector excesses.” Unlike the pre-2008 period, there are no major...