Why Is JPM’s “Quant Guru” Suddenly Worried About The “Endgame”
by Tyler Durden
ZeroHedge.com
04/28/2016
“Increased government spending, financed by central banks could indeed create inflation, but will further elevate the problem of debt viability. If investors lose confidence that the debt can ever be repaid, they will reduce their holdings, increasing the cost to governments or inviting more central bank buying. This can eventually result in the devaluation of all currencies against real assets such as gold, high inflation or even outright defaults (as was the case in Greece). If such a trend develops in one of the large economies, it could have far-reaching consequences.”
The Rest…HERE
