Central bank stimulus is distorting financial markets, BIS finds

Financial Times/Martin Arnold and Bendan Greeley/10-8-2019

“The unprecedented growth in central banks’ balance sheets since the financial crisis has had a negative impact on the way in which financial markets function, according to a new report from the Bank for International Settlements.”

USAGOLD note:  This article digs deeply into the problems associated with quantitative easing. Despite warnings like this from the central bankers’ central bank, policy-makers even now are dragging financial markets even deeper into the dark pool of easy money – and the distortions it creates.