This page has been archived and commenting is disabled.
Saxobank CIO Sees: "Zero Growth, Zero Inflation, & Zero Hope"
Entrepreneurs around the world are "drowning in this nothingness reality," and Saxobank CIO Steen Jakobsen sees a crisis correction as the only outcome of a zero environment in his opinion. "We have zero growth, zero inflation and zero hope," he explains based on his recent global travels meeting business leaders and key investors whose shared negative outlook was striking. The following brief clip concludes ominously, with Jakobsen noting that he "believes a Fed hike will act as a margin call on the global economy."
»
- 26702 reads
- Printer-friendly version
- Send to friend
- advertisements -
The Chris Martenson podcast interview with Jakobsen is a must listen
https://www.youtube.com/watch?v=fnp5ETnKylU
"When I scan stocks for those with P/E over 200, I get screen after screen of results"
Buy infinity @ market.
What the hell is wrong with you.
Look at how rich the FED has made everyone. Everyone who owns those stocks with P/E's above 200 has made a ton a money. Without these valuations pension funds would be even more underwater. This is all good for everyone.
Now be a good serf and buy one of those stocks from CALPERS will you.
Holy crap, this might be the first banker who actually jumps from a building
Very old saying "There is no inflation in a graveyard"
And thats what exists for the majority
"believes a Fed hike will act as a margin call on the global economy."
This occurred when QE stopped in Oct. Commodity prices are much lower. The paper mache markets have yet to get the memo.
P/E ratios don't mean shit anymore... I have a bad feeling that this game of bullshit will continue... after all if all the players agree to the same rules, as insane as they sound, the game keeps going, rigged or not. Those who speak up or question the legality get thrown to the wolves as an example for others thinking about doing the same...
Come join us for free at www.gunsgrubandgold.com
Survival links, financials, blogs, alternative energy, mechanics, etc.
Everyone welcome, no censorship - ever!
.
buy all the things, everything is awesome! /sarc
Fed hike ? .... hahahaha
Zero hope? Naw. I hope for continued low or lower gas prices and a new president who is not an idiot socialist and dictator appeaser.
"I think the Fed has done a good job"
blah blah blah
How can the Fed ever raise rates? Won't higher interest rates basically crush FedGov's ability to service the debt?
i see this logic error all the time on zh which is surprising considering how hep this bunch is on most matters. the fed funds rate has very little to do with treasury rates in this environment. whatever long-short duration arb in treasurys is destroyed by a higher ffr margin call the money coming out of stocks would moar than compensate imo. Ironically QE doesn't cause lower treasury rates either. it causes higher asset prices which in turn actually cost the taxpayers money. If it weren't for QE the 10Y yield would probably be negative.
The fed will raise rates under the cover of the decimation of world war 3. These psychos would destroy the world to save their reputation. Think Japanese and Fukushima.
Who works for who? The FED does not work for the FedGov. It's the other way around! The Republican Congress will raise taxes, by hook or by crook, before they will abolish (or even audit!) the FED. See 2006 Rep. Congress making student loans a lifelong indenture. See also 'Rep. appointed' Roberts' Court calling the ObamaCare penalty a tax. US tax/debt slaves will be forced to pay higher interest rates if that's what it takes to save the bankster establishment via the dollar. Otherwise, it's time to ditch the dollar for Yuan.
http://redefininggod.com/nwo-schedule-of-implementation/
Zero Growth
Zero Inflation
Zero Hope &
Zero Change
~ President Zero
"Mission Accomplished"...
I've always called him 0zer0. That's the word "zero" bookended with the number 0, not the letter "O". My take is Obama was nothing before he was president. Is nothing as president. And will be nothing after the presidency. The perfect zero... "0zer0".
Bush, Patriot Act
Obama Patriot Act
Clinton/Bush/Fillintheblank Patriot Act
Blah blah blah red team blue team rah rah rah
Looking forward to shit in a shack
You need a history lesson, Asteroid. Here's where it all began...
http://en.wikipedia.org/wiki/Communications_Assistance_for_Law_Enforceme...
Believe me, I am no supporter of Obama but I think on balance, Bush junior was the worst president in the history of the States . . . . . maybe. They pulled off 9/11. There has not been a bigger direct attack on the US in history and members of his government were complicit. Sure, Clinton repealed Glass Steagal and Obama has exacerbated the worst of the Bush era but jeez, Bush was a shocker.
Not true, he will make his biggest bang after he officially checks out and becomes a whore for different Fortune 500 companies as he gives advise to the lawmakers in the swamp known as DC
We do NOT have "zero inflation". I don't know where he got that.
"nothingness" ? hampered by his budhism sounds like.
Perhaps he meant zero "reported" inflation. Everyone knows the reported number is bullshit.
Even if we had and we don't have zero inflation, why would asslips view that as negative in the same light as zero growth. Fuck all you inflation hawks. Fuck everyone of you ignorant cunts
in the context of many years of Fed ZIRP/QE policy it means total policy failure
I strongly doubt we even have ZERO growth.
I think our growth is in the square root of minus 1 range, somewhere off in the imaginary plane!
Even the forecast of zero growth is apparently suffering from inflation.
You have zero asset inflation. House, the things you "own" the stuff you can't sell to anyone and get what you think it's worth, because they don't have any money either.
The things you need, like food, utilities, gas, the things to survive, are severely inflated.
Deflation in the wrong place.
Inflation in the wrong place.
Raising rates with inflation in the wrong place means there will be only few survivors...
Is this what's considered "biflation"?
He is the CIO of a Danish investment bank. He is not necessarily speaking from a US-centric POV on inflation.
Either way, the inflation targets set by various CBs are nowhere close to being met, that's the important bit.
Wow. Confirmed ZeroHedge reader.
Zero HEDGE.
STOP whoring for Wall Street!
http://www.showrealhist.com/yTRIAL.html
http://patrick.net/?p=1223928
Someone buy that "MOFO" a chicken dinner...
...Jakobsen noting that he "believes a Fed hike will act as a margin call on the global economy."
no shit sherlock, that's why there won't be one
Unless, to quote the Joker from the Batman movie, "It's All Part of the Plan".
No, there won't be a rate hike, but they need to keep pretending that there might be one to provide cover for the spin.
They ended QE in Oct. $85 billion per month. $1 Trillion per month. 6% of $17trillion outstanding US debt a year earlier. That's a huge increase, -$85B per month. That's why oil and commodities have fallen.
"Saxobank CIO Sees: "Zero Growth, Zero Inflation, & Zero Hope"
Lots of guillotines.
Liberty is a demand. Tyranny is submission.
Big fat zero...
Oh. You mean Hillary.
If 1/4 of a point is going to crash the whole show, the whole show is going to crash anyhow.
So let's Get R Done and then we can start rebuilding. The longer we wait, the bigger the crash.
Well said, and you could repeat that for everything else out there like a Grexit, deliquent student loans, war in Ukraine, defaulting fracking companies, deflation, etc.
If everything is so brittle and fragile that any one of those things can stop life as we know it then we need to shoot the people who built this fucked up system because they are an existential global threat.
Nah. Let's make it really big. Let's make this a bonfire for the ages. Let this one leave a mark that humankind will never, ever forget. Let this be a mistake from which our race will learn.
Zero hope for Saxo, their software sucks ass...
Here are some more signs of a coming recession.
http://michaelekelley.com/2014/12/20/leveraged-loans-predict-crash/
http://michaelekelley.com/2015/02/20/fed-warns-of-two-bubbles/
http://michaelekelley.com/2015/02/24/would-you-pay-39-more-than-asked/
Here is how to prepare yourself.
http://michaelekelley.com/2014/10/16/8-things-to-do-when-recession-happens/
Good luck!
zero zero zero the opposite to nonzero there is no zero
Read cityzerosix ebook it offers hope but this is an ad
The Oracle at FEDelphi? Zero brain.
Nobrainers need apply
Transhumanist zerobrained humanoid malfunctions of zeroist ideologies
We have zero growth, zero inflation, zero rates, zero hedge and zero hope ;) Oh, I Got Plenty o'Nuttin' https://www.youtube.com/watch?v=GBRd_oHxFSc
Rain man talks everyone listen!
So, "zero growth" and "Zero hope" all due to a pending "mini-crisis"?