FAST FIVE: World's Most Bearish Hedge Fund Manager: "If It's In Zerohedge, Then Central Banks Have Already Devised A Plan To Stop It From Happening"
The conditions for both good and bad inflation are now in place.
China and Russia – buyers.
* * * His second point – which we find notable for various reasons – is his explanation how and why central banks tend to interfere at just the right times to spoil his bearish trades: The other question I get is about autocallables and clearinghouses.
“But Russell,” I hear you say, “we have so much debt, and China has debt too, and demographics all say deflation”.
If you started getting a decent yield on bonds, would you pay 10 times sales for a loss-making tech stock.