Star bond investor Jeffrey Gundlach says central banks around the world are distorting markets with enormous and ever-increasing quantitative easing programs, which he doesn’t see ending anytime soon.
So is there about ethic. Global central banking. That fits that's where the vocalist. That here's. We're drowning in Central Bank. Quantitative easing that's for the -- is but it's not ending and it has time soon until there's some negative consequences of what. What might be just that somebody's doing a more you know what the problems that we're gonna have. In the global economy is currency devaluations. Mean that's the solution. For an individual country. To the issues that are facing this is Japan's solution right -- no other levers -- horrible demographic problem huge government that. No savings pool anymore and on immigration policy and do you have any ideas so where they do they debase the currency. Just try to get a bigger share of export pie. In the global economy that with global growth slowing. Which has been happening and is likely to continue with -- in recession. China slower than most people think look at commodity prices that's the message you're getting. With global growth slowing not everybody can increase their imports are playing market shared game so I think we're looking at competitive currency valuations which causes. -- show Wednesday causes unhappiness and finger pointing and god forbid. Terrorists and things like that that really and causing even slower growth followed -- two thirds so hopefully that is to our future but. Currency debasement. Is real time happening. So it will lead I think to some negative things should continue. Free export.