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from King World News
One of the legends in the business warned King World News about a great danger facing the world in 2016.
[...] Eric King: “Art, when you look at all the money printing (that’s taken place) and where we are today, if we are heading into a global downturn right now, and as you said, things seem to be rolling over, what are they going to do with the money printing? Where do we go from here?”
Art Cashin: “Well, that’s a big problem. I had predicted for most of the year that the Fed would not do liftoff. When it became apparent that, despite everything, they were going to go ahead with liftoff, I said, ‘There’s a good chance that we will be back at zero before we get to 1 percent.’
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