James McKay

Caxton Associates (one of the hedge fund industry's most successful money managers) in a wide-ranging and rare interview with the Financial Times. Tapering is off the table for the foreseeable future. As we have explained numerous times, Caxton notes the Fed has little option but to continue its policy of extraordinary monetary easing indefinitely, adding what happened was just another can kicking exercise. The problem has not been solved and the hopes for a grand bargain are in tatters. Simply put, he concludes rather dismally, there are no incentives for the corporate world to go out and spend right now...


Please sign in to comment on this wire.