Read the Beforeitsnews.com story here. Advertise at Before It's News here.

By Prophecy Zone Radio News
Contributor profile | More stories

Story Views
Now:
Last hour:
Last 24 hours:
Total:

A GLOBAL FINANCIAL GURU WHO PREDICTED THE CRISIS OF 2008 SAYS MORE TURMOIL MAY BE COMING

Tuesday, September 9, 2014 12:02

% of readers think this story is Fact. Add your two cents.

The U.S. investor community was reveling in the high growth and stable financial conditions then prevalent around the world, but Rajan had examined global financial markets and come to a very different opinion. He argued that increasingly complex markets, which spewed out complicated instruments like credit-default swaps and mortgage-backed securities in ever greater quantities, had made the global financial system a riskier place, not less so as many believed. Such comments were considered near blasphemy at the time, and Rajan’s audience didn’t take him very seriously.

Obama Can Still Secure His Legacywall Street Didn’t Win—Financial Reform Is Workingfeds Get Involved: FBI Investigating Missouri Teen Shooting NBC Newshusband of Ebola Patient Quarantined on Return to U.s. NBC Newslight Up the Sky: What Causes a Meteor Shower? NBC News

After three years in 2008, on the other hand, his perspectives demonstrated prophetic. Rajan had for the most part anticipated the wellsprings of the most exceedingly terrible money related breakdown since the Great Depression of the 1930

Today, Rajan, now governor of the Reserve Bank of India, the country’s central bank, is worried again. This time, he’s fretting about the impact of the superloose monetary policies pursued by the U.S. Federal Reserve and other central banks to combat the financial crisis and resulting recession. Long-term low interest rates and unorthodox programs to stimulate economies — like quantitative easing, or QE — could be laying the groundwork for more turmoil in financial markets, he argues.

Credits: A Global Financial Guru Who Predicted the Crisis of 2008 Says More Turmoil May Be Coming

Source: http://truthelementnews.com/?p=1300

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).

Comments

Online:
Visits:	1,605,472,676
Stories:	8,156,343