2016 Will Be A Disaster
KingWorldNews.com
December 12, 2015
Eric King: “Bill, I’ve been wondering when the Fed is going to hit the wall. Obviously they had some tricks up their sleeves and they have done some things that nobody anticipated. Are they getting close to hitting the wall or can they keep stringing this along?”
Bill Fleckenstein: “Eric, we don’t know. And the reason we don’t know is because the amount of reckless monetization — we’ve never seen anything like this. So we have no (historical) data points. How long can it last? Well, it feels like we are so close. I continue to think that at any moment in time we could have a big wipeout in the market — a big dislocation…
Bill Fleckenstein continues: “Look at the news on the Third Avenue junk bond that closed. We’ve had this potential train wreck and now it looks like it’s getting started. This Third Avenue fund gated investors and they are going to have trouble liquidating. That will put more pressure on other funds and that will start the stampede.”
The Rest…HERE
