Hedge Fund CIO: “Normally The Fed Would End This Bubble, But It Can’t This Time For One Reason”
zerohedge.com / by Tyler Durden / Jun 4, 2017
In his latest weekend notes, One River Asset Management CIO, Eric Peters, picks up where BofA’s Mike Hartnett left off on Friday when he said that the “QE Monster” will only end when “the Wall Street bubble” finally shocks the Fed. Yes, but what will “end it”, or better yet, what will “shock” Yellen and company out of their complacency?
To this, Peters’ response is that the Fed finds itself in a big “quandary” not so much due to the S&P500, and overall asset levels, which even Yellen now admits “pose risks to financial stability” as per the latest FOMC Minutes, but due to China:
“The real credit excesses haven’t been created here, they’ve formed in China, which leaves the Fed in a quandary.” Much as the Fed would like to have jurisdiction over every corner of global finance, they no longer control China.
The post Hedge Fund CIO: “Normally The Fed Would End This Bubble, But It Can’t This Time For One Reason” appeared first on Silver For The People.
Source: http://silveristhenew.com/2017/06/04/hedge-fund-cio-normally-the-fed-would-end-this-bubble-but-it-cant-this-time-for-one-reason/
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