Friday, April 29, 2016

Central Banks Are Cycling Up
An Increasingly Steep Hill
"A former central banker used a good analogy to describe the current condition in which central banks have placed themselves. He said it is like cycling up a hill that is getting increasingly steeper and steeper and you need to pedal faster and faster to maintain the same position."
- Guy Haselmann, Scotiabank (see below for post)

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