Central banks can’t save the world economy
Bloomberg/Michael McKee, Rich Miller and Matthew Boesler
“‘We are experiencing a period of major political shocks,’ Lowe said, citing developments in the U.S., Brexit, Hong Kong, Italy and elsewhere. ‘Political shocks are turning into economic shocks.'”
USAGOLD note: A few discouraging words are heard from Jackson Hole, Wyoming. In general, the message has been that the central banks have limited ability to deal with the politically generated economic problems at hand – problems that could get worse before they get better. We invite you to take a closer look at the image above from a 1913 edition of Puck magazine. History rhymes. . . .
Related: Gold rally just got what traders said it needed – a new catalyst/Bloomberg/Justina Vasquez and Yvonne Yue Li/8-23-2019
Repost from 8-26-2019