WARNING: The Greatest Wealth Transfer In History Is About To Unfold – How Fortunes Will Be Made And Lost
KingWorldNews.com
Sept. 17, 2015
Three weeks ago the man who has become legendary for his predictions on QE, historic moves in currencies, and major global events, Egon von Greyerz, told KWN: “There are so many black swans circling at this point. So there is no chance of a U.S. interest rate hike as I have been saying for a while. … All central banks will do whatever they can to hold rates down. The problem is that the bond market is the biggest bubble in the world and at some point there will be a major panic in the bond market.”…
Yesterday John Embry told KWN: “Now if one looks at the turmoil in emerging markets and listens to the various advice emanating from various international organizations, one would have to bet on no rate hike at this point. In addition, the U.S. economy is far weaker than the authorities care to admit. And on that basis the last thing necessary at this juncture is a rate hike.”
And two days ago Art Cashin noted: “Stay Thy Hand – The Economist has joined the BIS, the IMF, the World Bank and scores of others in calling on the Fed to delay the rate hike.”
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