Central bankers are using a nonsensical strategy most commonly seen at casino betting tables.
Speaking of practice, and mastering a game, Fed Chairwoman Janet Yellen has been at it a long time.
As with the birds and the bees, sometimes it's good to spell out what's happening in the economy and markets.
If only the Fed and presidents understood a little bit more about Monopoly and a less about outdated historical models.
All forms of “carry” in financial markets are compressed, resulting in artificially high asset prices.
Change propels economies as well as cultures, and sometimes before we are even aware of it.
With quantitative easing and negative interest rates, the concept of nurturing credit seems to have morphed into something destructive.
“How’s it workin’ for ya?” – would be a curt, logical summary of the impotency of low interest rates.
Please log back in before proceeding.
There was an error logging in. Please try again.
Congrats! You are now logged in. Your exam is being submitted.
