Central bank prophet fears QE warfare pushing world financial system out of control

http://www.telegraph.co.uk/finance/economics/11358316/Central-bank-prophet-fears-QE-warfare-pushing-world-financial-system-out-of-control.htm

The warnings come just as the European Central Bank prepares a blitz of bond purchases at a crucial meeting on Thursday Photo: AP

The warnings come just as the European Central Bank prepares a blitz of bond purchases at a crucial meeting on Thursday Photo: AP

The economic prophet who foresaw the Lehman crisis with uncanny accuracy is even more worried about the world’s financial system going into 2015.Beggar-thy-neighbour devaluations are spreading to every region. All the major central banks are stoking asset bubbles deliberately to put off the day of reckoning. This time emerging markets have been drawn into the quagmire as well, corrupted by the leakage from quantitative easing (QE) in the West. Read Full Article

 



Categories: Global Economy - Markets - Finance

Tags: , , , ,