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2015-07-31 — cnbc.com
In a research note on Thursday, Edwards said that China's intervention to stabilize its volatile stock market was part of a larger global story, in which "rock bottom" interest rates and large fiscal deficits in the western world were pushing the global economy towards a fall.
"QE (quantitative easing) will be stepped up to such a pace that you will hear the roar of the printing presses from Mars," Edwards said. "I have not one scintilla of doubt that the western central banks have set us up for an even bigger version of the 2008 Great Financial Crisis." ... Given his forecast step up in money-printing, Edwards said that gold, which tends to perform well during periods of high inflation, was a "must-have" safe-haven investment. source article | permalink | discuss | subscribe by: | RSS | email Comments: Be the first to add a comment add a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately. |