Wednesday, 17 January 2018

Mark Spitznagel: "This Is An Age Of Massive Artificial Economic Imbalances And Systemic Risks"

"Thanks to almost a decade of unprecedented market interventions by global central banks (which have collectively acquired assets totaling over $20 trillion), everywhere you look there is repression of yields, repression of market volatility, and their side effects of exploding asset valuations (to heights not seen since shortly before past historic crashes), financial-engineered debt, leverage, stock-buybacks, cryptocurrency-insanity, “short volatility” and all manner of reckless yield-chasing investment schemes. This is an age of massive artificial economic imbalances and systemic risks."  
- Mark Spitznagel, 17 January 2018

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