Multibillion Hedge Fund Manager: “Ultimately QE Will Fail; US And China Might Enter Recession At The Same Time”

Monday, April 20, 2015
By Paul Martin

by Tyler Durden
ZeroHedge.com
04/20/2015

“Ultimately, the current QE programs will fail. I think most likely through a large devaluation in the emerging market currencies. Having dodged and parried so many blows from Central Bank QE programs, the market is seemingly failing to break higher. Breadth is narrowing in the US stock market, and credit spreads widening. Economic data, with the exception of jobs, which is a lagging indicator, indicate the US economy is peaking. To me it looks like the US and China might go into recession at the same time.”

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