The central bank horror story
Financial Times/John Plender/1-2-2023
“For the moment, a standard market view is that the central banks’ ‘tighter for longer’ mantra will keep bond yields rising and equities falling. But the big question is whether, in the event of a funding crisis, central banks will feel obliged once again to return to asset buying to prop up markets and financial institutions, thereby weakening their anti-inflationary stance.”
USAGOLD note: Some refreshingly clear thinking from Mr. Plender…… We have suggested for months that a change of course at the Fed is more likely to come the result of another credit crisis than a slowing economy.
This entry was posted in Today's top gold news and opinion. Bookmark the permalink.