The emperor’s new suit - SocGen

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Kit Juckes, Research Analyst at Societe Generale, suggests that we have relied on central bankers to fix the world’s economic woes, when all they could really do was to get the global financial system back on an even keel.

    Key Quotes

    “Keeping policy too easy, for too long and boosting asset markets in the vain hope that this would deliver a sustainable pick-up in demand has meant that even a timid attempt at normalising Fed policy has caused two months of mayhem.

    Now, a growing realisation about central banks’ waning powers has triggered a rush into safe havens. No wonder the strongest currencies in 2016 have been those of countries with big current account surpluses, while most of the countries with big deficits have seen their currencies walloped.”
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