![Tim Bond tells investors there is limited scope for further monetary easing in Japan and Europe](https://assets.fnlondon.com/2016/06/IMG011296_full4x3.jpg)
The chief strategist at Crispin Odey’s hedge fund firm Odey Asset Management has warned investors that in the next recession there may be no more central bank remedies.
Tim Bond wrote in a Summer 2016 letter to investors with Odey Wealth Management - seen by Financial News - that monetary policy had reached the "true zero boundary" in a number of economies.