Noted short seller Bill Fleckenstein made a rare appearance on CNBC yesterday. Fleckenstein highlighted his concerns of an upcoming funding crisis where the “stock market would get clubbed.” However, he did not know whether the funding crisis was imminent.
Fleckenstein also sees an end to the deflationary fear trade. He now thinks that inflationary expectations might rise.
Fleck has avoided the short side of the market for the last three years as he has feared the impact of money printing.