‘After 700+ Rate Cuts And $10 Trillion In Liquidity’, Quantitative Failure Now Tops The Worry List
This time around, Wonderland will be an even stranger place.
This time around, Wonderland will be an even stranger place.
Even without the Italian jitters, you do not want to be tightening policy into a slowdown and again, this just underscores the risk inherent in persisting in accommodation for years upon years…
“Slim margin”of error for Goldilocks.
“It’s important to remember that this is merely a microcosm of the larger dynamic at play across assets and across regions.”
If you ask fund managers who together steward some $600 billion in AUM, the biggest
Some fresh color on familiar topics.
What do you buy if “quantitative failure” comes calling?
Nobody say “quantitative failure”.
“Unhindered by moral hazard”…
As far as what the most bullish catalyst for risk assets would be, it’s not even close.
The “policy impotence” trade is here.
The bad vibes are proliferating.
“Bulgakov’s cat, Behemoth, played chess and took trams.”
Don’t worry, China will save us.
“We don’t think policymakers are in tune with these potential declines.”
Oh, the irony…
Of bubble dynamics and ultimate ironies.
Long live the king?
A shift in the narrative?
“It depends on what the meaning of the word ‘ is’ is.
“…communication had to strike a careful balance between anticipating a termination of net asset purchases by the end of December 2018 and highlighting the continued commitment to providing sufficient monetary stimulus for as long as necessary.”
To infinity and beyond.
And there it is, folks. At least you’ll get €15 billion/month through December and a commitment to keep rates on hold through next June.
A can kick to next month is about the best you can hope for when it comes to an announcement on the future of QE.
“It’s clear that next week the Governing Council will have to make the assessment.”
So you can go ahead and look forward to more fretting over this and you can also look forward to plenty of accusations from Di Maio and Salvini about how the evil “eurocrats” won’t let them spend their way to oblivion.
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