Cashin, Klarman, & Marks: “Un-abating Risks Of Collapse”
by Tyler Durden
ZeroHedge.com
02/20/2013
One can spend all day watching financial media channels stuffed full of self-promoting index-hugging asset-managers and be left with the belief that all is well and that the market does indeed represent our reality… Or, as UBS’ Art Cashin notes today (confirming what we first published a month ago – here, here, and here), there is more (well less) to today’s global economy and markets than meets the eye or rests in the headlines. His excellent diatribe today reiterates our previous comments of investing icons such as Baupost’s Seth Klarman and Oaktree’s Howard Marks that “(The) underpinnings of our economy and financial system are so precarious that the un-abating risks of collapse dwarf all other factors.”
The Rest…HERE
