Stop Chasing The Dragon: One Trader Says Central Banks Need To Abandon Their Mandate

Stop Chasing The Dragon: One Trader Says Central Banks Need To Abandon Their Mandate

I've been saying for some time now that it may no longer make sense for DM central banks to obsess over inflation targets. It became readily apparent years ago that the crisis had probably done irreparable harm to the global economy. Between that and deflationary innovations (think: the increasing role of technology in driving efficiency gains), there's no hope of recreating the pre-crisis economy. Given that, it stands to reason that all you're doing by keeping your foot on the accommodative po
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