Australian newspaper “The Age” has an interesting interview with Gerard Minack, former Morgan Stanley strategist.
Minack is now out on his own, publisher of “Downunder Daily“. Minack says “I deliberately decided when I left to keep it balanced, not to start writing like Zero Hedge.”
Nonetheless, Minack is a bear who thinks Australia is in for some tough times, the price of iron ore still has plenty of room to fall, and the most important monetary policy act of the last four years was European Central Bank president Mario Draghi’s “whatever it takes” speech, but the eurozone will break up anyway.
Finally Minack calls “central bank credibility” the biggest bubble. Let’s take a look.Â
Cautionary Tale of Global Gloom
Please consider a few snips from The Bear is Back: A Cautionary Tale of Global Gloom.Â
