Monday, February 4, 2013

Markets will punish central banks worldwide

When you print money, the money doesn't flow evenly in an economy. It flows to some people or to some sectors first, and in this case, it flowed into equities, and until about five months ago, bonds… I believe that markets will punish central banks at some stage through an accident.

The bond market could collapse, and that could lead a stock market bubble.

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