Saxobank CIO Warns “The Narrative Of Central Bank Omnipotence Is Failing”…(Desperate Bankers=War)
by Tyler Durden
ZeroHedge.com
10/11/2014
We have been discussing the widespread belief in “the narrative of central bank omnipotence” for a number of months (here and here most recently) as we noted “there are no more skeptics. To update Milton Friedman’s famous quote, we are all Bernankians now.” So when Saxobank’s CIO and Chief Economist Steen Jakobsen warns that “the mood has changed,” and feedback from conference calls and speaking engagements tells him, there is a growing belief that the ‘narrative of the central banks’ is failing, we sit up and listen.
The Rest…HERE
