The next crisis starts here: Knuthsen..
The next crisis starts here: Knuthsen... Globally, 17 central banks have eased their monetary policies this year, and over half the world's population has experienced falling interest rates and/or QE. The ECB's aggressive QE program will start in March, with effects already contributing to decline in interest rates and the euro. Commodity-heavy economies Australia and Canada have both experienced significant weakening of currencies, and lowered interest rates this year. Saxo Private Bank CIO Teis Knuthsen believes the next financial crisis is likely to be set into motion by the ECB. Knuthsen also believes 2015 is set to repeat global growth of 3.5% and contemplates the scenarios within a European outlook, as well as a Grexit. (VIEW LINK)
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