USA Watchdog’s Greg Hunter interviews Egon von Greyerz on latest macro-economic developments
Dec 21 – 2015 (18 minutes)
Egon von Greyerz: “World trade is coming down dramatically. . . .The Fed is totally out of sync with reality. This is a world market. The U.S. is not an island unto itself. . . . The sad thing is the Fed has created a massive bubble. They should have increased rates a long time ago. By not letting market forces take their due course, we now see in the U.S. the most volatile asset bubble ever in history. That would not have happened if they would not have kept interest rates at 0% for 7 years. . . . There is nothing that justifies a rate increase, at this point, except the face saving measure taken by the Fed. They had told the market this, and they didn’t dare to do anything else. . . . I think what will happen now is this quarter of one percent will not last for very long. It will have to come down. . . . All the indicators are that we are going to get shocks going into 2016, and the increases they are forecasting are not going to happen. It is more likely that they are going to lower rates.”…
Click here to see this article on Greg Hunter’s USA Watchdog blog.
Egon von Greyerz
Founder and Managing Partner
Matterhorn Asset Management
Phone: +41 44 213 62 45
Matterhorn Asset Management’s global client base strategically stores an important part of their wealth in Switzerland in physical gold and silver outside the banking system. Matterhorn Asset Management is pleased to deliver a unique and exceptional service to our highly esteemed wealth preservation clientele in over 70 countries.
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