MARKET FLASH:

"It seems the donkey is laughing, but he instead is braying (l'asino sembra ridere ma in realtà raglia)": si veda sotto "1927-1933: Pompous Prognosticators" per avere la conferma che la storia non si ripete ma fà la rima.


lunedì 9 luglio 2018

D. Lacalle: Why Central Banks are Trapped

D. Lacalle joins Jeff Deist to discuss how and why central banks are trapped, stuck with ultra-low interest rates and expansionary policies that produce astonishingly little real growth. An entire generation of bankers knows nothing other than Fed-rigged markets, where good news is good news and bad news is better news because it spells Fed market support. 

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