Central Banks (led by the Fed) continue to shift the goalposts after every financial crisis emerges. They’re incredibly reactive, not proactive (even with some of the measures currently in the works).
The fact they remain flat-footed gives me the most anxiety; however, they continue to be the end-all, be-all until the public finally reje…
Central Banks (led by the Fed) continue to shift the goalposts after every financial crisis emerges. They’re incredibly reactive, not proactive (even with some of the measures currently in the works).
The fact they remain flat-footed gives me the most anxiety; however, they continue to be the end-all, be-all until the public finally rejects this notion. I think that true break in faith and confidence is a long ways down the road.
Central Banks (led by the Fed) continue to shift the goalposts after every financial crisis emerges. They’re incredibly reactive, not proactive (even with some of the measures currently in the works).
The fact they remain flat-footed gives me the most anxiety; however, they continue to be the end-all, be-all until the public finally rejects this notion. I think that true break in faith and confidence is a long ways down the road.
Great piece.
Thanks!