Man Who Advises Top Sovereign Wealth Funds In The World Says 2017 Will Be ‘The Year Of Reckoning’
January 10, 2017
On the heels of the Dow hitting a new all-time high, today King World News spoke with the man who advises the most prominent sovereign wealth funds, hedge funds, and institutional funds in the world.
Expect Major Market Turmoil In 2017
Michael Belkin: “Eric, 2017 is going to be the year of reckoning…
Michael Belkin continues: “Many global markets are at a major turning point. For example, the FT just reported that speculators have an all-time record 816,000 short positions in Treasuries. There has never been a number that high. I had my global clients short bonds and we took out 15 points on the short side. But recently I recommended they go long bonds because I think there is going to be a huge short squeeze in U.S. Treasury bonds.