from King World News:
Eveillard: “What has me concerned is the apparent complacency of so many investors, who seem to believe that the central bankers of the world have got it all figured out. My own impression is that they are flying blind — that they’ve taken unprecedented steps over the past 5 years, and so far those steps have not resulted in very strong economies, certainly not in the U.S. and even less so in Europe, and the same in Japan….
“With problems developing in China because of the enormous debt, we will look back and say, ‘Gee, it was extraordinary. After 2008, the Chinese economy went great guns while other economies were faltering. And now we see that it was (just) on the back of a tremendous credit boom.’
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