Europe’s Biggest Bank Dares To Ask: Is The Fed Preparing For A “Controlled Demolition”
by Tyler Durden
ZeroHedge.com
09/05/2015
“there is a sense that policy is being priced to “fail” rather than succeed… why should equities always rise in value? Why should debt holders be expected to afford their debt burden? There are plenty of alternative viable equilibria with SPX half its value, longevity liabilities in default and debt deflation in abundance. In those equilibria traditional QE ceases to work and the only road back to what we think is the current desired equilibrium is via true helicopter money via fiscal stimulus where there are no independent central banks.
The Rest…HERE
