"Governments worldwide have borrowed 100 trillion last ten years. Defaults inevitable sometime soon. Means crash, hurting rich and poor," News Corporation CEO and Chairman Rupert Murdoch recently tweeted.
"Of course markets stay high with central banks printing huge sums, inflating everything except jobs," he had pointed out in a prior tweet.
And Rupert Murdoch isn't the only "elite" "insider" hinting at something unpleasant down the road if governments continue their spending (which they are doing, unabashedly).
Hedge funder David Einhorn recently opined over at Huffington Post: "I believe that stocks are depressed because there is a pervasive feeling that something awful is going to happen. What is this enormous tail-risk? It's the intersection of reckless fiscal policy with Jelly Donut monetary policy. There is a fear that our Fed Chairman is an academic willing to take great systemic risks in an experiment to prove out his thesis as to how we should have fought the last Great Depression."
Read more: http://articles.businessinsider.com/2012-05-05/home/31587324_1_debt-huffington-post-alien-species#ixzz1uOCAGcNd
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