Sunday 13 December 2009

Inflation and then a bust, by 2012, says Andy Xie

Andy Xie, a respected former Morgan Stanley economic analyst says that low interest rates (cheap money) will lead to increasing asset prices until the game simply cannot continue, whereupon there will be a massive, world-wide breakdown, which he expects in 2012.

But Xie's ex-employer thinks the credit crisis may hit Britain as early as next year (hat-tip to "Jesse").

DISCLAIMER: Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog.

No comments: