Tuesday, April 26, 2016

UBS' Art Cashin: The Harsh Reality
Of The Distorted Financial Markets
Discussion on the many downsides to central banks’ current money-for-nothing policies - one is that determining accurate prices for nearly all asset classes—be they real property or financial securities—is nigh-on impossible .. warns what could happen on the loss of Federal Reserve credibility .. don't miss the last few minutes in which Cashin relates a story from JP Morgan & Tiffany .. 42 minutes

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