"Reminds Me Of 1999": Paul Tudor Jones Warns This Is The "Craziest Policy Mix In History"

While President Trump was touting the economy during his speech at Davos on Tuesday — Billionaire investor Paul Tudor Jones sat down with CNBC’s Squawk Box at the conference and warned: “We are in the craziest monetary fiscal mix in history. It’s so explosive. It defines imagination.”

Jones went onto say, it reminds me a lot of the early ’99. Early ’99 we had 1.6% PCE, 2.3% CPI. We have the exact same metrics today. The difference is fed funds rate 4.75% today 1.62%, and back then we had budget surplus and we’ve got a 5% budget deficit … Crazy times.”

“Crazy times” indeed – if Tudor Jones is right, the market is in the final blow-off stage as ‘Not QE’ propels markets to new highs. It will only be when the Federal Reserve winds down its unprecedented monetary accommodations that will trigger a top in the market (just as it did in 1999 after supplying liquidity to tamp down Y2K anxieties).

As we’ve discussed before, the deviation of the stock market from corporate profitability is the widest since 1999 – it seems that Jones’ warning should grab the attention of bulls as the economy continues to stagnate.

And in Jones’ view – this will end very badly.

Source Article from http://feedproxy.google.com/~r/zerohedge/feed/~3/w6DufI4IVUc/reminds-me-1999-paul-tudor-jones-warns-craziest-policy-mix-history

Related Posts
JP Morgan Warns That Climate Change Could Spell The End Of The Human Race

The biggest bank in the Western world is warning that climate change could lead to

Netanyahu warns fake news on virus may be used to try to sway elections

Prime Minister Benjamin Netanyahu and Public Security Minister Gilad Erdan on Sunday said the police

CDC official warns U.S. hospitals: Be ready for "surge" of coronavirus patients in America

(Natural News) It yet another bombshell message from the CDC, a top

Pelosi Warns That Democrats Must Unite To Prevent Trump Getting Re-elected

Nancy Pelosi has called for unity among Democrats and their candidates in the upcoming presidential

Hits: 9

You can leave a response, or trackback from your own site.

Leave a Reply

*

Powered by WordPress | Designed by: Premium WordPress Themes | Thanks to Themes Gallery, Bromoney and Wordpress Themes