from King World News
Today 50-year veteran Art Cashin warned King World News that money supply is now going parabolic and may cause problems for the Fed and also create explosive inflation. Cashin, who is Director of Floor Operations at UBS ($650 billion under management), also spoke about John Paulson and others positioned in gold.
Eric King: “Art, you brought up the Fed and the distortion in the markets. What about the Fed distorting the markets and is there a danger of something like the 1987 stock market crash coming out of all of this?”