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Steen Jakobsen: Get Ready For The Biggest Margin Call In History

A recommendation to move to cash
Sunday, April 19, 2015, 2:02 PM

Economist Steen Jakobsen, Chief Investment Officer of Saxo Bank, believes 2015 will be another "lost year" for the economy. And he predicts the Federal Reserve will indeed start to raise rates later this year, surprising the market and taking the wind of out asset prices.

He recommends building cash and waiting to see how the coming storm -- which he calls the "greatest margin call in history" -- plays out. » Read more