With all of the insanity in global markets, here is the craziest thing one market veteran has ever seen in his lifetime.
Bill Fleckenstein: “A lot of people obviously believe that these central bankers know what they are doing. Look at the pricing of the world’s bond markets — it’s insane. It’s more insane than anything we’ve ever seen. It’s more insane the dotcom Mania. It’s more insane than anything. You are guaranteed to lose money but you are buying the asset because you think in the interim, between when you bought it and you get your guaranteed loss, you’re going to make some money by selling the asset to another fool. Or you cannot afford not to participate, even though you think it’s crazy. One way or another, it’s the craziest thing I’ve seen in my lifetime. I think it’s the craziest thing in financial history, and it’s probably the craziest thing anyone is ever going to see…To continue listening to the powerful interview with legendary short seller Bill Fleckenstein, where he discusses the short-term and big picture in the gold, silver, mining, and global markets, CLICK HERE OR ON THE IMAGE BELOW.
***To hear about the gold and silver markets, listen to the jaw-dropping audio interview with Michael Belkin, the man who advises the most prominent sovereign wealth funds, pension funds, hedge funds, and institutional funds in the world discussing the historic run in the gold & silver markets, what to expect next for gold, silver and the shares and much more by CLICKING HERE OR ON THE IMAGE BELOW.
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