Fed leads in trimming its balance sheet; Now Bank of England governor publishes the reasoning for central banks to shed assets – before raising interest rates. A big shift!
Foreign Companies welcome. US Tax dodgers that didn’t qualify in the US, no problem.
But auto sales had already dropped three years in a row — before Covid.
“The stimulus the country urgently needs is not experimental and dangerous monetary policy.”
A curious phenomenon.
The flight into US dollars! Dollar-denominated debts of Mexican companies weigh heavily.
The ECB promises to “monitor markets closely.” Then it came out with a new bond buying binge.
Not even the “bankruptcy” word hanging over super-troubled Italian infrastructure giants Atlantia and Autostrade, whose bridge collapsed last year, can get their bonds to reflect any kind of serious risk.
Something funny’s happening in NIRP land: long-term yields are rising, negative yields are turning positive, and investors are getting punished for having handed their brains to central banks.
Amid a slew of problems.