Richard Russell – The U.S. Has A Ticking Time Bomb, Rigged Markets And A Desperate Fed
KingWorldNews.com
Sept 15, 2015
As the world awaits the Fed decision this week, the Godfather of newsletter writers, 91-year-old Richard Russell, says the U.S. has a ticking time bomb, rigged markets and a desperate Fed. The legend also covered the major markets and the ultimate refuge.
September 15 (King World News) – Richard Russell: “Normally, free markets allocate capital very efficiently. But the Federal Reserve has taken over the free market and as a result, money has gone mostly to the upper 1%. One of the results is that savers are unable to get satisfactory returns on their money.
In desperation, Americans have turned to junk bonds as a source of income. Long-term Treasury bonds sell at fantastic prices and provide yields in the 2-3 % range.
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