Wednesday, September 28, 2016

Desperate Central Bankers
Stephen Roach highlights how the Federal Reserve & the Bank of Japan have been pursuing strategies which are disconnected from the economies they are managing .. "Moreover, their latest actions reinforce a deepening commitment to an increasingly insidious transmission mechanism between monetary policy, financial markets, and asset-dependent economies. This approach led to the meltdown of the financial crisis, and it could well sow the seeds of another crisis in the years ahead .. Central bankers desperately want the public to believe that they know what they are doing. Nothing could be further from the truth."
LINK HERE to the essay

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