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Former Fed President announces at conference that all his rich friends are hoarding cash
Thanks to the power of the internet and youtube, virtually anything post-1990 can be found in some capacity within the ether. And for those who did just a small amount of digging, they know that the last two Federal Reserve Chairman admitted they were clueless regarding the housing bubble and stock markets crashes of 2007 and 08.
Yet one regional Fed President did forecast the collapse, but was regularly ignored by his peers. And now with Richard Fisher out of the halls of central bank power, he is once again warning of a crash, and said two weeks ago at the Strategic Investment Conference that he is not the only one believing that it is coming.
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from The Daily Economist http://ift.tt/1Uq771Q , news , insurance , credit cards , legal , work, sports , artists , car , home , entertainment
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