In a fracturing world, central banks still stuck together
Reuters/ Howard Schneider, Leika Kihara and Balazs Koranyi
“Now, a new round of global ratecutting risks taking on a competitive edge as policymakers try to stay ahead of rising trade tensions, a volatile investment climate, and a shift in the political mood from shared support for globalization to a more zero-sum battle over a slower-growing world economy.”
USAGOLD note: A timely assessment of a seemingly co-ordinated global monetary policy that is anything but . . .The headline to this article belies the content – a war of doves.
Repost from 9-13-2019