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That ‘Frightening’ Chat With Ben Bernanke
Hot economic news items from top-rated market timer for precious metals
WND
Editor’s note: Mark Leibovit is one of the investment world’s top-rated gold timers, and helps investors anticipate and benefit from both the ups and the downs of the precious metals markets with his Leibovit VR Gold Letter (available to WND readers at a huge discount).
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From Bloomberg News:
Einhorn finds dinner chat with Bernanke ‘frightening’
David Einhorn, manager of the $10 billion Greenlight Capital Inc., said he found a recent dinner conversation with former Federal Reserve Chairman Ben S. Bernanke scary.
“I got to ask him all these questions that had been on my mind for a long time,” Einhorn said in an interview today with Erik Schatzker and Stephanie Ruhle on Bloomberg Television, referring to a March 26 dinner with Bernanke. “It was sort of frightening because the answers were not better than I thought they would be.”
Einhorn, 45, has been critical of Bernanke’s willingness to leave interest rates near zero for more than five years. The hedge-fund manager has said the benefits of low rates diminish over time until they are more harmful than helpful and that the Fed’s stimulus has led to income inequality. Bernanke, a former Princeton University economics professor, stepped down this year after eight years helming the U.S. central bank. …
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From King World News:
‘This is what’s going to happen when all hell breaks loose’
Forty-two-year market veteran John Hathaway, co-portfolio manager of the Tocqueville Gold Fund, spoke with King World News about what to expect when “all hell breaks loose.” Hathaway is one of the most respected institutional minds in the world today when it comes to gold, and also discussed the bullion banks’ secretive involvement in the gold market, including such banks as JP Morgan, Goldman Sachs and Morgan Stanley.
Hathaway: “It’s scary that Bernanke can be so complacent and say to David Einhorn (hedge fund manager and president of Greenlight Capital) that there is no risk of hyperinflation. There has to be some risk. The Fed is arrogant, it’s complacent, and there is erroneous thinking. You pretty much name the accusation and the Fed is guilty as charged.
Reposted with permission
