The Dow and the S&P 500 could be cut in half and they would still be overvalued, Fund Manager Dave Kranzler tells Silver Doctors.

Kranzler thinks the fundamentals are showing the economy is headed south more quickly than many people are expecting.

Kranzler estimates that the 2019 fiscal deficit could end up as high as $1.8 trillion, the largest in history. In that case, interest rates would need to move higher, he says.