Paul Tudor Jones says market today is like early ’99, driven by ‘insane monetary policy’

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‘We’re just in the craziest monetary-fiscal [policy] mix in history. It’s so explosive, it defies imagination. It reminds me a lot of early ’99 [when inflation was low and stock markets were soaring]. The difference is the fed funds rate was 4.75% — today it’s 1.62%. Then we had a budget surplus, today we have a 5% deficit — you can’t make it up. … It’s crazy times.’ – – Paul Tudor Jones


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