Ron Paul: 'We're in the biggest bond bubble in history, and it's going to burst' (via CNBCFuturesNow)
[are] in negative interest rates. It's never existed before. And, that's a bubble. So, we're in the biggest bond bubble in history, and it's going to burst."
Paul, a former presidential candidate and vocal libertarian known for his economic and stock market bubble warnings, contends the Federal Reserve's policies are powerless in this environment. He doesn't believe this week's Fed meeting will provide any kind of relief and cutting rates will not be the answer.
"You can't predict exactly where the creation of credit goes," said Paul. "We have a ton of inflation with all that QE [quantitative easing]. And, every time you lower interest rates below market levels and create new credit, that's a bubble.". With bonds yielding negative rates now in focus, he suggests the danger is ballooning to unseen levels."You don't know this precise time. But you know it can happen," he said.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Paul Walker's Daughter Meadow Posts Sweet Tribute on What Would Have Been Her Dad's 46th BirthdayPaul Walker's Daughter Meadow Pays Tribute on His 46th Birthday (via PopCrush)
Baca lebih lajut »
It's 'inevitable' a correction will hit big tech, investor Paul Meeks warnsThe investor who ran the world's biggest tech fund for Merrill Lynch tells investors what to buy and sell.
Baca lebih lajut »
MTV 'Siesta Key' Pauly Paul Arrested On Probation ViolationPauly Paul from MTV's 'Siesta Key' was arrested in Florida for violating his probation.
Baca lebih lajut »
Negative interest rates are real, but don’t expect to get paid to borrow moneyTrump wants the Federal Reserve to cut interest rates 'to zero, or less.' It's happening in other countries.
Baca lebih lajut »
With rate cut likely, market wonders how low Fed will goWith U.S.-China trade tensions roiling markets, investors are counting on suppor...
Baca lebih lajut »