NEW DELHI: Zoho’s Chief Scientist and Co-founder Sridhar Vembu on Saturday agreed with former IMF Chief Economist Gita Gopinath, regarding the huge economic bubble in the US stock market.

Vembu said that a systemic event like the global financial crisis of 2008-9 cannot be ruled out.

Zoho’s founder responded on the social media platform X to Gopinath's warning, saying, "I agree with Dr Gita Gopinath. The US stock market is in a clear and massive bubble. The degree of leverage in the system means that we cannot rule out a systemic event like the global financial crisis of 2008."

Vembu also warned that the gold price trend is indicative of a systemic financial risk.

"Gold is also flashing a big warning signal. I don't think of gold as an investment; I think of it as insurance against sy

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