“As long as we passively and apathetically permit the destruction of value in money by elites, the quality of life for all deteriorates, and the risks of being affected by the hopeless and anguished rage of the disenfranchised grows.” – Japan’s shocking stimulus illuminates central banks’ lack of credibility
central banks
“It’s clear that with central banks intentionally engineering interest rates to be at historically low levels, thwarting the rules of supply and demand, the desperate hunt for yield will continue unabated and risk will continue to be mispriced.” – Markets Are Restacking the Building Blocks of a Financial Crisis