- Prison Planet.com - http://www.prisonplanet.com -

Print More Money to Avoid Bigger Slump: Hendry

Posted By admin On June 30, 2009 @ 11:01 am In Money Watch | Comments Disabled

CNBC.com [1]
Tuesday, June 30, 2009

Fears about inflation and hyperinflation could create another economic downturn, bigger than the one the world went through, Hugh Hendry, chief investment officer at hedge fund Eclectica, told CNBC Tuesday.

The stock markets are due for a correction after having risen dramatically this year, but this is not likely to come in the summer and another rally is possible, Hendry, who said he was remaining risk-adverse this year, told “Squawk Box Europe.”

“We have a huge intellectual conviction… that this is a more profound downturn that we’re experiencing and markets will be under pressure,” Hendry said.

“People get more get more concerned about government debt… and it sows the seeds of its own destruction,” Hendry said. “We’re actually tightening the screw, we make monetary policy tighter and tighter.”

Full article here [1]

Print More Money to Avoid Bigger Slump: Hendry  290509banner [2]

Article printed from Prison Planet.com: http://www.prisonplanet.com

URL to article: http://www.prisonplanet.com/print-more-money-to-avoid-bigger-slump-hendry.html

URLs in this post:

[1] CNBC.com: http://www.cnbc.com/id/31649165

[2] Image: http://www.efoodsdirect.com/ammo-food.html?aid=14&adid=5

[3] Gov’t Should Buy Banks to Avert Depression: Hendry: http://www.prisonplanet.com/govt-should-buy-banks-to-avert-depression-hendry.html

[4] Civil Liberties Are Cut in this Economic War: Hendry: http://www.prisonplanet.com/civil-liberties-are-cut-in-this-economic-war-hendry.html

[5] Analysis: IMF can no longer avoid bigger role in euro zone: http://www.prisonplanet.com/analysis-imf-can-no-longer-avoid-bigger-role-in-euro-zone.html

[6] Fed Ready to Print More Funny Money on QE3 Rumors: http://www.prisonplanet.com/fed-ready-to-print-more-funny-money-on-qe3-rumors.html

[7] Charts Predict: Dow to 6,700 in ‘Accelerated’ Slump: http://www.prisonplanet.com/charts-predict-dow-to-6700-in-accelerated-slump.html

Copyright © 2013 PrisonPlanet.com. All rights reserved.