A $305 billion investment chief says markets are ‘on a collision course for disaster

Scott Minerd, chief investment officer of Guggenheim Partners with $305 billion in assets under management, sees markets on a “collision course for disaster.”That’s because he sees President Donald Trump’s fiscal stimulus as ill-timed for the economy, and believes it will force the Federal Reserve to be more aggressive about raising interest rates.Higher interest rates will cripple highly-indebted corporations in the next recession, which Minerd suggests could come as soon as