The Traderszone Network

Published in TZ Latest News 20 November, 2014 by The TZ Newswire Staff

Hugh Hendry Live 2: "QE ‘Worked’ By Redistributing Wealth Not Creating It"

In the second of three interviews (part 1 here), Hugh Hendry tells MoneyWeek’s Merryn Somerset Webb why central banks will go even further than anyone expects to keep the global economy afloat. Hendry notes,there’s so much debt that if you reprice debt, the economy slows down. We saw that I think in 2012, after the taper tantrum and ten-year bond use went over 3%. What happened next?

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