Markets are revolting against the Central banks.
Abenomics was always a confidence game. Now it seems that confidence has crumbled. Far from reinforcing investors’ belief in the power of policy to boost markets and revitalize Japan’s economy, the central bank’s decision at the end of January to cut interest rates into negative territory has backfired in spectacular fashion.Gavekal Research
Markets are revolting against the Central banks. My scenario is a bit of more pain and then Central banks will use some Nuclear weapon and Governments will spend and spend big.
Share story
0 comentários: