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

A US forestry firefighter cools a burning modular home to protect a nearby structure in Deerhorn Valley as the Harris Fire continues growing beyond 70,000 acres on October 24, 2007 near Jamul, California. Southern California is being ravaged by numerous record wildfires as Santa Ana Wind conditions push them into communities surrounded by native Chaparral habitat that has been dried by the driest rain season since records began 130 years ago. The fires are shaping up to be the worst wildfire event in San Diego County history. As many as 500,000 people have been evacuated from their homes. (Photo by )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 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.See the rest of the story at Business Insider

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SEE ALSO: ‘Everything’ in Argentina is 20% to 30% overvalued and a crisis is on the way, according to an economist


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