The Fed is Ready to Start “Helicopter Money,” Warns Sprott’s Michael Pento…
Pento says the global bond market is the biggest asset bubble in history.
By taking interest rates below 1% for 100 months, the Fed has deformed not only the bond market, but other assets such as real estate and the stock market. Many other central banks have held interest rates artificially low, sometimes taking interest rates negative. Today, the world has $14 trillion of negative yielding sovereign debt.
Pento forecasts another crisis will hit later this year or early next year.
At that time, he says the Fed will start “Helicopter Money.”
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