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>> EUROPEAN CENTRAL BANK Latest News

APR 11, 2013 - Zero Hedge

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Carmen Reinhart: "No Doubt. Our Pensions Are Screwed."

"The crisis isn't over yet," warns Carmen Reinhart, "not in the US and not in Europe." Known for her deep understanding that 'it's never different this time', the Harvard economist drops the truth grenade a number of times in this excellent Der Spiegel interview. Sweeping away the sound and fury of a self-serving Federal Reserve or BoJ, she chides, "no central bank will admit it is keeping rates low to help governments out of their debt crises. But in fact they are bending over backwards to help governments to finance their deficits," and guess what, "this is nothing new in history." After ... Read More

Tags: Carmen Reinhart: "No Doubt. Our Pensions Are Screwed.",  European Central Bank Latest News