“Central Bankers Look Naked… & Investors Have Nothing Else To Believe In”

Wednesday, August 26, 2015
By Paul Martin

by Tyler Durden

“Policymakers responded to the financial crisis with easy monetary policy and low interest rates. The critics — including us — argued against ‘solving a debt crisis with more debt.’ Put differently, we said that QE was necessary, but not sufficient for a recovery. We are now coming to the moment of reckoning: central bankers look naked, and markets have nothing else to believe in.”

The Rest…HERE

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