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Frederick Miles
Bloomberg Television
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Comments by "Frederick Miles" (@frederickmiles8815) on "Cathie Wood: Next Big Risk Is Deflation" video.
She is 100% correct - and its too late; unlike 99% of her peers or academics she understands the economy that is. This could be on par with 1928-29.
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@xCestLaVie1 It's because they dont understand our monetary system. Or how wholesale liquidity is internalized - creating massive problems with overleveraging that is unseen by the lenders credit risk scoring. Combine that with QE that strips the lenders of actual pristine collateral - creating a nightmare scenario where bad bets are underpinned by decaying collateral - as rates slowly tick up.
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