“This Shorting Opportunity Is As Great As 2007-2009″, Billionaire Crispin Odey Warns…”Sadly this down cycle will cause a great deal of damage”
by Tyler Durden
ZeroHedge.com
02/24/2015
“For me the shorting opportunity looks as great as it was in 07/09, if only because people are still looking at what is hap-pening and believe that each event is an individual, isolated event. Whether it’s the oil price fall or the Swiss franc move, they’re seen as exceptions. … we used all our monetary firepower to avoid the first downturn in 2007-09, so we are really at a dangerous point to try to counter the effects of a slowing China, falling commodities and EM incomes, and the ultimate First World effects. This down cycle is likely to be remembered in a hundred years . Sadly this down cycle will cause a great deal of damage, precisely because it will happen despite the efforts of the central banks to thwart it.”
The Rest…HERE
