Lord Rothschild: “Share Prices Are At Unprecedented Levels, This Is Not A Time To Add Risk”

Jon Government

Gross: Global yields lowest in 500 years of recorded history. $10 trillion of neg. rate bonds. This is a supernova that will explode one day
— Janus Henderson U. S. (@JHIAdvisorsUS) June 9, 2016

One year ago, the financial world was abuzz when the bond manager of what was once the world’s biggest bond fund had a dire prediction about how “all of this” will end (spoiler: not well).
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Two months later, it was the turn of another financial icon – if from a vastly different legacy and pedigree – that of Rothschild Investment Trust Chairman himself, Lord Jacob Rothschild, who echoed Bill Gross with an unexpectedly gloomy warning in his 2016 half-year financial report, saying that central bankers are continuing “what is surely the greatest experiment in monetary policy in the history of the world. We are therefore in uncharted waters and it is impossible to predict the unintended consequences of very low interest rates, with some 30% of global government debt at negative yields, combined with quantitative easing on a massive scale.”

This post was published at Zero Hedge on Aug 19, 2017.