Merryn Talks Money
An ‘Outrageous’ Prediction That American Capitalism Is Ending
It’s a new year, and Saxo Bank Chief Investment Officer Steen Jakobsen has some wild and maybe not-so-wild calls for Merryn Talks Money.
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Saxo Bank has published the latest in its annual series of “outrageous predictions,” and among the bigger calls is that American capitalism is ending. As US debt spirals ever upwards, the federal government will have to make government bonds tax-free, according to Chief Investment Officer Steen Jakobsen, who joins this week’s Merryn Talks Money to discuss the list. “The hand of government is just getting heavier and heavier,” he says.