- J.P. Morgan's top quant Marko Kolanovic predicts a "Great Liquidity Crisis" will hit financial markets, marked by flash crashes in stock prices and social unrest.
- The trillion-dollar shift to passive investments, computerized trading strategies and electronic trading desks will exacerbate sudden, severe stock drops, Kolanovic said.
- Central banks will be forced to make unprecedented moves, including direct purchases of equities or negative income taxes.
- Timing of when this next crisis will occur is uncertain but markets appear to be safe through the first half of 2019, he said.f
Retired CEO of CHIPPEWA PARTNERS, Native American Advisors, Inc., now CEO of the Parisian Family Office. A White Earth Chippewa, Dean helped Native Americans for decades. Raised conservative, began Wall Street career in 1982, met game changer William O'Neil in 1984. In a world on a dopamine, hypomanic binge, this is his take on financial chicanery, political crime and life well lived at their Ghost Ranch in MT or Pamelot, the Parisian's TN farm.
Tuesday, September 04, 2018
From the worlds largest gambling operation, J.P. Morgan bank.
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