Central-Bank Forked-Tongue Syndrome.
Instead of warning about the effects of this absurdity, they could just raise rates and quit buying bonds.
But China and the tax havens like Luxembourg, oh my!
“This year is unlike anything ever seen in the history of finance.”
And not for small companies either.
“The practice is even starting to reek of death to market bulls.”
Nightmare is coming true.
Proud sugar daddy becomes giant financial sinkhole.
“The big surprise was that negative profits were converted into positives.”
Even the central bank frets about explosive dollar debt.