Crispin Odey: QE Is Turning Students Into Leftists And MiFID II Could Make It Worse

Crispin Odey has never liked central bank quantitative magic, saying an asset bubble was being created that would likely burst. The bearish London-based hedge fund manager, in a letter to investors reviewed by ValueWalk, now looks at quantitative easing as a societal wedge pushing students to the political left.

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When university tuition increased in the United Kingdom by 300% in 2012, there was a general thought that “this would turn students into consumers,” the August Odey European fund letter observed.

The logic was that “shoppers” would change the market dynamic and...