Wednesday, June 22, 2016


Central Banks Have Fooled Everyone
Government Debt Is Supposedly The Strongest Asset Class, But They Have Turned It Into A Weakling 
MARTIN ARMSTRONG MAKES ONE OF OUR THEME POINTS FOR US:
"The central banks have risked it all and lost. They have reached the point of no return. The Fed decided not to raise rates, which are desperately needed to prevent a collapse in pensions and insurance companies, and merely froze like a deer in headlights. The superficial analysts who think lower rates are good for the stock market are blinded by their own stupidity. The theory that low rates will encourage people to buy stocks is brain-dead and demonstrates that these people are incapable of comprehending how the economy functions .. The central banks have gone way too far and are now trapped. They do not have the ability to influence the economy anymore for they are loaded with government debt that will default. 
They have converted government bonds into one of the riskiest asset classes of all time."
- Martin Armstrong
link here to the reference

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