Keynote: Michael Lewitt (full speech)

By Josh Friedlander

Wed Mar 26, 2014

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The credit veteran examines the global economic climate, and how to pursue profits tactically while protecting against macroeconomic risks.

Absolute Return Symposium 2014 | Articles & Interviews Photos Program

"The most important factor is that economic policy right now is basically 100% driven by central bankers, and fiscal policy is essentially dormant," said Michael Lewitt, speaking at the 11th annual Absolute Return Symposium, which took place in New York City on March 19.

He warned that while assets may fall in value, the face value of an exploding amount of global debt will not. He painted a stark picture of the global dislocation caused by the rapid expansion of central bank balance sheets, noted that "the biggest bull market is in the faith in central bankers," and spoke about the increasing intrusiveness of governments into businesses and private lives.

His complete speech ( the slides are available on Harvest):

ISSN: 2151-1845 / CDC10004H

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