Michael Lebowitz: NIRP & Central Banks Driving People to Gold

[youtube=https://www.youtube.com/watch?v=Xd1SNIwAibo]

• Published on Mar 18, 2016
  Jason Burack of Wall St for Main St had on returning guest, former portfolio manager and founder of 720 Global http://www.720global.com/, Michael Lebowitz. Michael’s articles frequently appear on Zero Hedge. His firm 720 Global writes institutional research. 
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  During this 30+ minute interview, Jason asks Michael about the Federal Reserve and Janet Yellen announcing this week that they will not try to aggressively raise interest rates and if they are trapped and have to go to negative interest rate policy (NIRP) asap? Michael says the Fed probably won’t increase interest more than at most once more in 2016 before they start reversing their interest rate hikes into rate cuts back towards zero and NIRP. 
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  Michael says central bank policies from the US, Japan, China and the ECB are driving people into gold along with the threat of NIRP. Michael thinks gold has probably bottomed and will continue to go higher long term as long as central banks keep making desperate policy decisions. Next, Jason asks Michael if he is surprised the stock market hasn’t crashed yet?
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