Sunday, December 13, 2015

2016 Will Be A Disaster

"2016 Will Be A Disaster
Eric King:  “Bill, I’ve been wondering when the Fed is going to hit the wall.  Obviously they had some tricks up their sleeves and they have done some things that nobody anticipated.  Are they getting close to hitting the wall or can they keep stringing this along?”
Bill Fleckenstein:  “Eric, we don’t know.  And the reason we don’t know is because the amount of reckless monetization — we’ve never seen anything like this.  So we have no (historical) data points.  How long can it last?  Well, it feels like we are so close.  I continue to think that at any moment in time we could have a big wipeout in the market — a big dislocation…"

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