Crispin Odey: Capitalism At Risk Amid QE Unwind; Valuations At 1929 LevelsRupert Hargreaves
What caused the Dow Jones Industrial Average to decline by 1,400 in the space of an hour on Monday, February 5? In the mind of vocal hedge fund manager Crispin Odey, the rise in bond yields in the three weeks before the decline was "undoubtedly" responsible and behind that a "conviction that after two years of rampant monetizing by the authorities in general, economic activity was picking up quickly and with little give left in global capacity, would result in rising prices and even wages."
- exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up below and support quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email email@example.com and we will get back to you as quick as humanly possible - we love (all our but in particular our) paying readers