Unconventional monetary policy becomes conventional

Bloomberg/Simon Kennedy and Samuel Dodge

graphic image of people joining hands to cross ravine what happens when the last man steps off?

“Forced to think outside the box by the 2008 financial crisis and then again this year by the coronavirus pandemic, the Federal Reserve, European Central Bank and most of their international counterparts have become more aggressive and innovative than ever in defending their economies from recession and the threat of deflation.”

USAGOLD note:  Walking on air.  The new abnormal is coming to a central bank near you.

Repost from 9-15-2020

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