Posted on 03/06/2016 5:42:37 PM PST by SkyPilot
The global economy is heading for a storm as faith in policymakers dwindles, according to a stark warning from one of the worlds most respected financial institutions.
The uneasy calm in financial markets last year has given way to turbulence, the Bank for International Settlements, known as the central bank for the worlds central banks, said in its latest quarterly report.
Financial markets are losing faith in the healing power of central banks and their latest policy weapon - negative interest rates - to boost the world's main economies, the bank said.
(Excerpt) Read more at thetimes.co.uk ...
They should free Bernie Madoff from jail. What he did was child’s play compared to what the world’s top bankers are doing.
And they hold the politicians in the palm of their hands. Too be to fail—too big to jail.
Because when they try to jack it up any more than that, people stop buying altogether.
Seems the historic average between the discount rate and the 30 rate was 2%. Seems the the 30 years is 1.5% too high historically.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.