Art Cashin: We Are At Risk Of A Frightening Hyperinflation!
- Art Cashin – We Are At Risk Of A Frightening Hyperinflation!
Today 50-year veteran Art Cashin shocked King World News when he issued the following warning concerning hyperinflation: “I think you are certainly at a ‘flashing yellow alert.’ You have in place a variety of things that could begin to react somewhat domino-like.”
Cashin, who is Director of Floor Operations for UBS ($612 billion under management), also warned, “There are some potentially eerie parallels (today vs the Weimar Germany era).” He also cautioned, “There is a kind of delayed effect (from all of the money printing), and you want to watch very carefully.”
Here is what Cashin had to say: “I can’t believe things are that well managed. There’s a Three Mile Island lurking everywhere, just when you think you have all of this stuff nailed down. I wrote about the Weimar Republic a little earlier this week and one of the notes I pointed out was that even when they were printing money, literally printing, the inflationary spiral didn’t happen instantly.”
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