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‘This Is No Fly In The Ointment’: One Bank Politely Asks You Not To Ignore ‘Supremely Important’ Trade War
Last weekend, at the G-20 meeting in Buenos Aires, global finance leaders agreed that the outlook f
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An interesting piece, notwithstanding that its primary purpose was of course to attack DJTweet. Fish and barrels come to mind.
Still, it would have been even more interesting had you thrown into the mix the fact that three of the world’s more important central banks are still engaged in a decade-long endeavour to print their way to prosperity. When the wheels eventually come off this inconceivably rash monetary experiment, and Goldilocks finally dies from a globally synchronised stake through the heart, the Orange Meister will – if he stays on course – receive a lot of the ‘credit’. But some Oscars for best supporting co-conspirators (a new category, to be introduced by the Academy next year) must go to Bernanke, Yellen, Draghi, Kuroda, and Jordan. (I’ve deliberately omitted Carney, because he switched from central banker to self-publicist, scare-monger and hedgie-in-waiting many moons ago.)
And in the meantime, even more dynamite gets thrown into the US stock market.