Robert Wiedemer, Managing Director of Absolute Investment Management, (a macro-focused money management firm) and author of the best-selling book Aftershock in 2006, predicted the crash of 2008, had this to say on US television recently:
“…a large drop of some sort [in the stock markets] is a virtual certainty. It started with the reckless strategy of the Federal Reserve to print a massive amount of money out of thin air in an attempt to stimulate the economy. These funds haven’t made it into the markets and the economy yet. But it is a mathematical certainty that once the dam breaks, and this money passes through the reserves and hits the markets, inflation will surge.