Benzinga – British hedge fund manager Crispin Odey thinks the world is headed for a downturn that will “devastate equity markets.”
The 55-year-old hedge fund manager, whom the New York Times recently described as a “semi-celebrity” in England, said central banks have used up all their fire power and will be at a loss to counter ill effects stemming from China’s weakening economy and plunging worldwide oil prices .
