Today a legendary trader and investor warned King World News that despite the tapering, people should expect increasingly destructive and lunatic policies in Europe and the United States. He also warned that a new QE designed to specifically stimulate the sagging Western economies is on its way. Victor Sperandeo has been in the business 45 years, and has worked with famous individuals such as Leon Cooperman and George Soros.
Incredibly, Sperandeo was interviewed in Barrons in September of 1987, where, with astonishing accuracy, he predicted that the stock market would crash. The market crash took place one month later and it just added to his legendary reputation. Below are the warnings issued by Sperandeo.