Fleckenstein – Stocks Will Crash & Possible Wipeout In Bonds

Saturday, July 12, 2014
By Paul Martin

KingWorldNews.com
July 11, 2014

On the heels of continued volatility in key market, today Bill Fleckenstein warned King World News that the world is going to see serious financial destruction as the stock market crashes and there is a possible wipeout in the bond market. Below is what Bill Fleckenstein, President of Fleckenstein Capital, had to say in this timely and powerful interview.

Eric King: “Bill, is there a possibility that we enter another 2008-09-style crisis?”

Fleckenstein: “Sure. You mean where the financial markets are under intense pressure? I don’t think it will be led by Wall Street being levered 40-1 against bad assets. But you might have a wipeout if these bond markets ever get in trouble….

The Rest…HERE

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