Tuesday, January 20, 2015

UBS Chairman: Get Ready for Volatility This Year

"This is going to be a very volatile year," Axel Weber, the chairman of UBS, told CNBC at the World Economic Forum in Davos. He said that central banks are the "major drivers" of policy this year and expected that the U.S. could further decouple from the rest of the world.

He warned that "something will give in the end" when questioned about major currency movements and was concerned that the European Central Bank (ECB) would fail to solve the region's problems despite being expected to announce a form of quantitative easing (QE) at its meeting on Thursday.

Is he reading the EPJ Daily Alert?  This is what I wrote this morning in the ALERT:
There are many breaking points in the current global economy because of global central bank manipulations. The SNB move is just one of many breaks that could occur in 2015. The threads are worn thin on most of the central bank moves. 
Last week Wednesday in the ALERT, I wrote:
 I continue to expect kaleidoscopic changes in 2015, These will be surprise changes that will shock most.
Get ready, Weber is correct, 2015 is setting up to be the year of volatility.

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