CNBC: Get Ready for a Prolonged Downturn That's Worse than 2000 or 2008, Billionaire Doug Leone Says
![Market Warning Crash](/graphics/articles/FeatureArticle2443_Image1915.jpg?v=1)
Article by Ryan Browne in CNBC financial
American venture capitalist Doug Leone doesn’t think the tech wreck is going away anytime soon.
The Sequoia Capital partner gave a gloomy outlook for the global economy, warning that today’s downturn was worse than recessions in 2000 and 2008.
“The situation today I think is more difficult and more challenging than either ’08, which was really a protected financial services crisis, or 2000, which was a protected technology crisis,” Leone said, speaking onstage at the Slush startup conference in Helsinki.
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