Monday, September 8, 2014

Markets not making sense and unpredictable

All the central bankers are money printers and the problem with the easy monetary policies in the US was that it essentially propelled the Euro to artificially high levels. Because the Euro economy is not doing well, the Euro zone economy is in recession and contracting. 

And so you have these movements that are very unpredictable. And if you look at the performance of macro hedge funds, they are all poor, because a lot of things do not make any sense.