In a fracturing world, central banks still stuck together

Reuters/ Howard Schneider, Leika Kihara and Balazs Koranyi

graphic image of two doves, Japanese ink drawing, black and white“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

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