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Central bankers are like ‘pyromaniac firefighters' and they are lighting another blaze

One year ago   |   By Chron

David McNew/Getty Images
Central bankers are like "pyromaniac firefighters" creating crisis after crisis, hedge fund manager and economist Daniel Lacalle told BI.
The 2008 financial crisis happened because of central bank policies, Lacalle said, adding that the next crisis is already being created and could be worse.
Central bank policies have been a "lottery" for investors but have pushed the rest of the population further into debt, the economist said.
Central bankers are like "pyromaniac firefighters" creating crisis after crisis that they then try to solve, a hedge fund manager and...
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10 things you need to know in markets today

10 things you need to know in markets today

One year ago   |   By Business Insider

Good morning! Here's what you need to know in markets on Friday.
1. Central bankers are like "pyromaniac firefighters" creating crisis after crisis that they then try to solve, a hedge fund manager and economist has told Business Insider. Daniel Lacalle, a chief economist at Tressis SV and a fund manager at Adriza International Opportunities, told BI in an interview that he blames the 2008 financial crisis on central bankers who don't understand modern financial markets and are using tools from the 1960s to try and control them.
2. Stocks closed lower Thursday after President Donald Trump...
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