Fantastic insight from legendary trader Paul Tudor Jones

From Pragmatic Capitalism:

World-renowned hedge fund manager Paul Tudor Jones says global imbalances are causing extreme problems in the USA and that the Fed’s response is ultimately creating an environment exactly like the late 90s when the Fed bailed out LTCM...

... He believes the Fed is responding to this structural deficiency via QE and it reminds him an awful lot of 1999...

... Using the 1999 template, his conclusion is simple...

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