“We act like we know exactly how it’s going to happen, and we don’t.”
And this might become a problem for the Fed.
July rate hike for Canada is “in the bag.” Bank of England, ECB are scrambling.
The HK dollar is pegged to the US dollar. HK monetary policy follows the Fed. And the Fed is raising rates.
What have central banks wrought?
They know: the Eurozone would plunge into a sovereign debt crisis all over again, only worse this time.
Many Banco Popular investors wiped out. Taxpayers off the hook. What it means for Italy.
Why do they risk so much for little?
The only other option: “Orderly restructuring.”
In the land of NIRP refugees and “Reverse Yankees,” who will get crushed?