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‘Why shouldn’t it be as bad as the 1970s?’: Historian Niall Ferguson has a warning for investors

  • Historian Niall Ferguson warned Friday that the world is sleepwalking into an era of political and economic upheaval akin to the 1970s — only worse.
  • Speaking to CNBC at the Ambrosetti Forum in Italy, Ferguson said that the catalyst required to spark a repeat of the 70s — namely inflation and international conflict — had already occurred.
  • "The ingredients of the 1970s are already in place," Ferguson, Milbank Family Senior Fellow at the Hoover Institution, Stanford University, told CNBC's Steve Sedgwick.

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