Art Cashin Warns Of Another Disastrous Global Lehman Event

"Today 50-year veteran Art Cashin warned King World News that the world is going to see another disastrous Lehman moment.  Cashin, who is Director of Floor Operations at UBS ($650 billion under management), also discussed the gold market and the world stumbling headlong into a global currency war.  Below is what Cashin had to say in this powerful interview.

Eric King:  “You’ve been warning for some time that the global markets discount everything geopolitical and that may come back to bite us.”

Cashin:  “I absolutely still feel that way.  And I am concerned that there is inbred opinion that geopolitical events tend to be short-lived and therefore, in many cases, buying opportunities when you get them.  I fear mightily that somewhere people might miscalculate and one of these things could turn into the equivalent of a Lehman moment in which everyone assuming that the worst will not happen discovers that the worst has happened and are ill-prepared for it.”

at http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/9/5_Art_Cashin_Warns_Of_Another_Disastrous_Global_Lehman_Event.html