Deutsche’s Kocic: It’s ‘As If The Market Doesn’t See Any Bounds’ For Monetary Policy Support
Are there limits to central banks' capacity to "administer" asset prices and otherwise engineer benign outcomes in markets in the face of the most uncertain macro backdrop most living humans have ever witnessed?
Probably. But we don't know where those limits are, and challenging monetary policymakers has generally been a losing proposition over the past dozen years.
In fact, central banks managed to suppress volatility during some of the most epochal political shifts in modern history during 2
The Republican Senate can lay waste to all of the Fed’s plans simply by dragging their feet on the COVID relief bill.
Actually, this whole Covid-19 pandemic has to make us come up with a workable system to hold our society together because these pandemics are coming at us at an increased frequency. The thought that this is not going to recur again in your lifetime may be badly flawed. And if this pandemic leaves us badly broken, we may never make it through another similar virus. This just might be the test case. We have to learn from this, and quickly.
true dat.
Unfortunately it looks like too many people have learned little or nothing
Kocic has his finger on the pulse. The question that is paramount is when does the market lose confidence in the central bank put. Understanding the path to that outcome is practically unimaginable, which makes it a massive tail risk