Main worry: ‘Very real possibility markets are losing faith in central banks
“My current worry is Central Bankers are increasingly trapped. If they don’t keep interest rates artificially low rates, then both the bond and stocks bubbles will burst. Even if they sustain the illusion, but keeping on cutting, its effectiveness is weakening. The bubbles may burst anyway. It will result in that most of amusing of financial moment… discovering who has been swimming without any swimwear. “
USAGOLD note: Blain gives us his rendition of the damned-if-you-damned-if-you don’t scenario facing central banks.