On the heels of the Fed’s decision to taper another $10 billion, today Bill Fleckenstein told King World News that the year of “fantasy” is over, and investors around the world should brace for more turmoil. He also discussed how major markets would be impacted, including stocks, bonds, and gold. Below is what Bill Fleckenstein, who is President of Fleckenstein Capital, had to say in this timely and powerful interview.
Eric King: “Bill, your thoughts on the Fed’s tapering today.”
Fleckenstein: “I expected them to do this because they are a pretty delusional bunch in that they believe money printing solves problems, and they don’t understand that money printing precipitates bubbles and the misallocation of capital….
Continue reading the Bill Fleckenstein interview below…