319 days ago
Asset manager Egon von Greyerz, of Matterhorn Asset Management AG kicks off with the debt ceiling in the US and explains how it is a farce, and a regular show every time it’s reached. It’s been raised over a hundred times and every time, it’s nothing but a political posturing. This is only going to lead to the debt being increased exponentially. In fact, since Reagan, the U.S. debt has doubled every eight years, and by 2025, it is projected to reach around $40 trillion.
821 days ago
Asset manager, Egon von Greyerz does not mince his words. There is no fence sitting here. He argues that systemic risks are increasing but the general investor does not appear concerned. No one knows the size of the derivatives markets but it’s likely in the quadrillions. Egon points out that sovereign bonds make no sense for investors since the only way they can be paid back is with more money printing, hence they are extremely poor investments especially when you consider the dismal returns.
1285 days ago
Asset manager Egon von Greyerz of Matterhorn Asset Management AG based in Switzerland argues that today’s events are not new. History does repeat itself. Governments love to spend more than they receive in revenue, and no currency has ever survived. Deficits have been nearly non-stop since 1930, and often an unrelated trigger can cause the crisis.
