Art Cashin Warns Of Another Disastrous Global Lehman Event

Saturday, September 6, 2014
By Paul Martin
September 5, 2014

Today 50-year veteran Art Cashin warned King World News that the world is going to see another disastrous Lehman moment. Cashin, who is Director of Floor Operations at UBS ($650 billion under management), also discussed the gold market and the world stumbling headlong into a global currency war. Below is what Cashin had to say in this powerful interview.

Eric King: “You’ve been warning for some time that the global markets discount everything geopolitical and that may come back to bite us.”

Cashin: “I absolutely still feel that way. And I am concerned that there is inbred opinion that geopolitical events tend to be short-lived and therefore, in many cases, buying opportunities when you get them. I fear mightily that somewhere people might miscalculate and one of these things could turn into the equivalent of a Lehman moment in which everyone assuming that the worst will not happen discovers that the worst has happened and are ill-prepared for it.”

The Rest…HERE

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