Trader: You’re A Frog In Slowly Boiling Water

Former FX trader Richard Breslow has been pretty keen on pushing the idea that traders and investors are ignoring an imminent change in central bankers' resolve. That was the subject of a post we ran last week called "Josephine Witt’s Reign Is Over Or, Central Banks May Actually Mean It This Time." Here's an excerpt: But recently, you kinda get the impression they’re going to try and dig themselves out of this for real. Because it’s getting increasingly difficult to deny the market distor
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