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‘But What If’?
Listen: you are going to have to pry former trader Richard Breslow's contention that everyone is too complacent about hawkish central banks from his cold, dead hands, ok?
For what seems like years (although that's logically impossible because central banks have only been leaning hawkish since Sintra), Breslow has been keen on suggesting that DM policymakers actually mean it this time. Sure, there's still some bluffing going on and the real test would come if someone made a "mistake" and trigg
Nope.
Seems he missed (or pre-dated) Chair Yellen’s latest speech, helpfully quoted by Irb in another thread. About more Fed QE if there’s so much as even a mild downturn. WOW
https://heisenbergreport.com/2017/10/23/a-taylor-away-from-losing-a-year-of-carry-in-15-minutes/#comment-16330
Listen: just BTFD.
All the CBs will turn dovish, at the first sign of economic weakness or stock market break.