kingworldnews.com / May 16, 2014
Today an outspoken hedge fund manager out of Hong Kong warned King World News that the world is headed for an “apocalypse,” or what he called a “financial Armageddon.” William Kaye, who 25 years ago worked for Goldman Sachs in mergers and acquisitions, also predicted this disaster will be far worse than anything the world witnessed in the Great Depression of the 1930s.
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Today an outspoken hedge fund manager out of Hong Kong warned King World News that the world is headed for an “apocalypse,” or what he called a “financial Armageddon.” William Kaye, who 25 years ago worked for Goldman Sachs in mergers and acquisitions, also predicted this disaster will be far worse than anything the world witnessed in the Great Depression of the 1930s.
Kaye: “When
we revert at some point, which is the stated objective of the Fed, to a
more normal economy, where banks lend and businesses look to expand and
grow their top line, and the labor force participation rate does start
to meaningfully decline, in that scenario we potentially set off a
process that results in financial Armageddon….
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