Legend Warns Of Destructive New Policies For U.S. & Europe

Thursday, September 18, 2014
By Paul Martin

September 18, 2014

Today a legendary trader and investor warned King World News that despite the tapering, people should expect increasingly destructive and lunatic policies in Europe and the United States. He also warned that a new QE designed to specifically stimulate the sagging Western economies is on its way. Victor Sperandeo has been in the business 45 years, and has worked with famous individuals such as Leon Cooperman and George Soros.

Incredibly, Sperandeo was interviewed in Barrons in September of 1987, where, with astonishing accuracy, he predicted that the stock market would crash. The market crash took place one month later and it just added to his legendary reputation. Below are the warnings issued by Sperandeo.

Sperandeo: “Janet Yellen was not going to do anything to hurt the people who put her in the position of power she is in today. So the Fed decision was all in script. However, all KWN readers should know that on the 8th of September the San Francisco Fed put out a report that basically said the Fed watchers and market participants were not looking at the appropriate way that interest rates would go higher.

Meaning interest rates were going to go up much faster than they anticipated. They also suggested that the market was behind the curve in terms of when interest rates would rise….

The Rest…HERE

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