US stocks might climb for weeks or months - but they're poised to plummet 50% down the line, the boss of a $2.2 billion investment fund warns

• US stocks might climb for weeks or months before plunging 50%, Phillip Toews told Insider.
• The investor warned ballooning global debt has fueled inflation and virtually guaranteed a crash.
• Toews cautioned that stubborn inflation could stop the Federal Reserve from cutting rates this year.

US stocks might climb for several weeks or months, but they will ultimately suffer a roughly 50% decline, Phillip Toews has warned.

"I wouldn't be surprised at all to see another month or even quarter of surging asset prices," the Toews Asset Management CEO, who oversees $2.2 billion of client funds, told Insider in a recent interview.