CNBC – The Federal Reserve’s easy-money policy will eventually lose its efficacy, creating a nurturing climate for market bears, hedge-fund manager Bill Fleckenstein said Friday.
“At this juncture, I’m just moving forward so I could restart my fund early next year,” he said. “Having said that, if I had started it yesterday, I wouldn’t be short a share of anything because the reason I closed my fund was because I knew the Fed would print lots of money. I never dreamed it would go on this long or get this ridiculous or stocks would get back to here, but they have.”
