097 Barrons - Never Say Never With Crazy Central Bankers

October 10, 201616 min
I hope you enjoy my overview of Randall Forsyth’s Up & Down Wall Street column from this week’s Barron’s magazine.   In it, I discuss what some are calling “peak liquidity” and a turning point in Central Bank crisis policies.   Overview   Taper tantrum 2.0 - the subtle suggestions from central bankers that, after 8 years, they may begin to move away from crisis policies Ultralow interest rates Massive securities purchases with the click of button Medieval alchemists would have been jealous Policies have been less than impressive, some academics say it’s because they haven’t been administered in strong enough doses Former Treasury Sec Lawrence Summers recently endorsed the Fed purchasing corporate debt and equity securities Yellen has said this would not be out of the question in future crises Backlash against these policies has been brewing from outside the academic and mainstream economist fold Ex: British Prime Minister Theresa May Ex: Donald Trump Central Bank leaders no

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