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Hedge-Fund Manager Crispin Odey Says It's Now More Likely the Market Will Crash

  • Pound drop ‘dangerous’ for U.K. retailers: hedge fund manager
  • Central banks ending QE will impact credit cycle, Odey writes
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JPMorgan’s Stubbs on U.S. Versus EU Equities

Crispin Odey, who made money for a second straight month by sticking to bearish equity bets, said the chance of a market crash is rising as growth slows and the Federal Reserve normalizes interest rates.

The credit cycle boosted by loose monetary policy has peaked and there’s a widespread slowdown in the auto, commodity, industrial and retail sectors, Odey wrote in a letter to investors. Unlike previous dips since the financial crisis, central banks aren’t responding by printing more money.