{"id":38341,"date":"2018-09-26T18:35:58","date_gmt":"2018-09-26T23:35:58","guid":{"rendered":"http:\/\/olduvai.ca\/?p=38341"},"modified":"2018-09-26T18:35:58","modified_gmt":"2018-09-26T23:35:58","slug":"ken-griffin-the-next-financial-crisis-will-hit-in-12-24-month","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=38341","title":{"rendered":"Ken Griffin: The Next Financial Crisis Will Hit In 12-24 Month"},"content":{"rendered":"
\n

Ken Griffin: The Next Financial Crisis Will Hit In 12-24 Months<\/a><\/span><\/h3>\n<\/div>\n
\n
\n
\n
\n

With Ray Dalio predicting that the US has about 2 years until the next recession, earlier today the head of hedge fund Citadel, Ken Griffin, echoed the Bridgewater founder and predicted that there are “at least 18-to-24 months left in the market rally”, thanks to the “giant adrenaline shot” of the U.S. tax overhaul.<\/p>\n

Speaking at the Bloomberg Global Business Forum in New York Wednesday, Griffin said that “we are in this debt-fueled buying binge.”\u00a0 He said that the U.S. economy is \u201crunning hot now\u201d thanks to President Trump\u2019s actions: “The Trump policies, whether deregulation or tax reform, are certainly pushing corporate America to go, go, go,” he said, citing low unemployment and meaningful wage growth.<\/p>\n

That’s the “good” news. The bad new: the artificial “binge” that will extend what is already the longest bull market of all time is “laying the seeds of the next financial crisis<\/strong>“, said Griffin.<\/p>\n

And what may come as a surprise to many, Griffin admitted that that he\u2019s already managing his fund for the next economic downturn. “My position today is very much focused on managing the tail risks for that… we are late in the cycle, the animal spirits have been unleashed and when these correction occur they happen with very little notice<\/strong>“, he said.<\/p>\n

In terms of specific crisis catalysts, the hedge fund manager said his biggest worry is the European Union, where individual nations like Italy and Spain can\u2019t print euros to rescue their own economies.<\/p>\n

\u201cEvery crisis in the West for the last 50 years has been ultimately solved by intervention of governments,<\/strong>\u201d he said. \u201cThere has been a huge sea change that has taken place, which is in the EU, the individual governments can no longer issue debt in their own currency.\u201d<\/p><\/blockquote>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Ken Griffin: The Next Financial Crisis Will Hit In 12-24 Months With Ray Dalio predicting that the US has about 2 years until the next recession, earlier today the head of hedge fund Citadel, Ken Griffin, echoed the Bridgewater founder and predicted that there are “at least 18-to-24 months left in the market rally”, thanks […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[83,312,21926,4318],"class_list":["post-38341","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bloomberg","tag-financial-crisis","tag-ken-griffin","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/38341","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=38341"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/38341\/revisions"}],"predecessor-version":[{"id":38342,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/38341\/revisions\/38342"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38341"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}