Russell Napier Discusses the Failure of QE2 and the Coming QE3

Russell Napier is a consultant with CLSA Asia-Pacific Markets writing on issues affecting global equity markets. After studying law, he began his investment career sixteen years ago at Baillie Gifford in Edinburgh managing funds in the Japanese then the US and finally the Asian markets. Moving to Foreign & Colonial Emerging Markets in London he was responsible for managing Asian portfolios. In May 1995, Russell relocated to Hong Kong to become Asian equity strategist for CLSA, a leading Asian equity brokerage. He occupied that position in a full time capacity until 1999 and was ranked number one for Asian strategy in all major industry polls including Institutional Investor from 1997-1999. Since 1999, apart from fulfilling a consultancy roll for CLSA, Russell has created and established a new course called A Practical History of the Financial Markets which is taught through Edinburgh Business School.

Jim Puplava is pleased to welcome back to the Financial Sense Newshour Russell Napier. Napier discusses the failure of QE2 and the coming of QE3. He also speaks with Jim about the danger in equity and bond markets and how Asian currencies may provide a short term safe haven. Napier’s longer term S&P 500 target is 400.