Next Up For Our Chaotic World…”Social unrest and huge budget deficits.”…”It ends BADLY!”
by Gary Christenson, Deviant Investor
DailyCoin.com
May 23, 2016
What will happen in our increasingly chaotic financial world? For sensible analysis, seek the most intelligent, least biased, and experienced people … central bankers, most economists, and all politicians are, of course, not eligible.
From Mish regarding the opinions of Stanley Druckenmiller:
“Gold is the superior asset in present part of cycle
Fed is lost – totally lost and nothing they say match their action
Negative interest is worst policy mistake ever
Debt is and remains the elephant in the room”
“Stanley Druckenmiller warned on Wednesday that the Federal Reserve’s low-rate policy is creating vast long-run risks for the US economy.”
“… most of the debt today has been used for financial engineering in the form of stock buybacks and other methods that provide a boon to corporate profits…”
“I have argued that the myopic policy makers have no endgame, billionaire Stanley Druckenmiller said towards the end of a scathing twenty minute romp through all the world’s economic problems.”
From The Telegraph regarding global economies:
“The patient is in a critical condition. The International Monetary Fund is concerned that the global economic recovery has taken too long. Kaushik Basu, chief economist of the World Bank, says the financial crisis has left a ‘festering wound’ that is ‘refusing to heal.’ Growth is too weak, resulting in the equivalent of a compromised immune system that has left the economy vulnerable to fresh diseases.
“The question now facing the global economy’s physicians: is the ailment chronic or acute?”
The Rest…HERE
