Eveillard – We Are Looking At Catastrophe Going Forward

Thursday, April 19, 2012
By Paul Martin

KingWorldnews.com
April 19, 2012

With global stock markets trading red almost entirely across the board, but gold and silver remaining firm, today King World News interviewed legendary value investor Jean Marie Eveillard, who oversees $50 billion at First Eagle Funds. KWN wanted to get Eveillard’s thoughts on the continued turmoil and what investors should be doing in this environment. Here is what Eveillard had to say: “How I interpreted what was said last year by David Einhorn, at Jim Grant’s conference, was that Bernanke is some kind of madman. Bernanke has written about the Great Depression and got it almost all wrong regarding the real causes of the depression. He is intent on printing money to show that it’s the only way to avoid a return to the Great Depression.”

Jean-Marie Eveillard continues:

“I’ve been in the business half a century, and I can say yes, we are looking at catastrophe going forward. As long as those people are around, and they are not just in the US, they are everywhere because they are all Neo-Keyneysians, but as long as those people are around, the money will be printed. It was true even during the first few years of the Weimar Republic, before inflation became hyperinflation.

It’s not just in the developed world. Look at China and India. Even though the long-term prospects are strong, they might be nearing a big bump in the road. So, current circumstances worldwide are not appealing….

The Rest…HERE

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