Central banks must play economic maneuvers in the dark

Financial Times/Editorial Board/5-6-2022

artistic rendering of art deco jazz band“This week, the economic mood music changed into a more anxious minor key, as recent shocks to developed world economies have echoed longer and louder than had been expected. Whatever you thought about the economy a week ago, you should be a little more worried than you were.”

USAGOLD note: Every once in a while, a journalist produces a piece that captures the moment. This editorial posted last week in Financial Times will resonate with many of you – background music for the movie being played. Though intended as a general overview, the final warning is unambiguous: “Investors should be clear that policymakers’ signals about what they intend to do in the future cannot be very trustworthy when the future is so murky.”

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