ALERT: The Next Global Crisis And Collapse Has Just Been Ignited
KingWorldNews.com
December 20, 2015
Today the man who has become legendary for his predictions on QE, historic moves in currencies, and major global events, warned KWN about how the next global crisis and collapse has just been ignited.
Egon von Greyerz: “Eric, as expected, the Fed is making a real mess of monetary policy. For face saving reasons they had to increase. Without that markets would have totally lost confidence in the Fed and this would have caused panic worldwide…
Egon von Greyerz continues: “So although an increase was not justified the Fed had no choice. But as I suspected before the raise, this became a buy the rumour sell the fact event with the Dow down 620 points in the last two days. Remeber that this rate increase was expected by 99% of market participants.
The Fed is of course behind the curve. They should have killed off credit growth and asset bubbles a long time ago already. But as usual they are too late and have kept rates of zero for seven years, fuelling massive bubbles in stocks, property and bonds.
Economic Conditions Are Deteriorating Rapidly
The Rest…HERE
