The Hinge – John P. Hussman

The Hinge – John P. Hussman

October 16, 2015 Hussman: cautions against the erroneous belief among investors that monetary easing supports financial markets.

To the contrary, he argues, quantitative easing and low interest rates have only encouraged speculative risk-seeking and speculative valuation extremes. Market collapses, including those occurring in 2000-2002 and 2007-2009, were not prevented by aggressive and persistent easing.

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