From King World News:
Today, King World News interviewed one of the wealthiest and most street-smart pros in the business, Rick Rule. Rule is founder of Global Resource Investments, which is now part of the $10 billion strong Sprott Asset Management. KWN reached out to Rick to get his take on what is happening in key markets.
Here is what Rule had to say:
"I guess two things stand out to me. The first is it's amazing how much complacency the various central governments can buy with the liquidity they are pumping into the market. You have the situation in Spain, which is looking like Greece on steroids, and nobody seems to care because of the liquidity coming into the markets."
... "I'm too old to wish for chaos, but it's coming. I think the market's response to situations that make otherwise rational people seem nervous, is fairly amusing. What we are seeing right now is the rising tide of liquidity floating most ships, particularly the conventional ships. (more)
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