Broad Oak: your emotional support animal

Sunday, December 13, 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").

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