666: The Number Of Rate Cuts Since Lehman
by Tyler Durden
ZeroHedge.com
Aug 5, 2016
BofA’s Michael Hartnett points out something amusing, not to mention diabolical: following the rate cuts by the BoE & RBA this week, “global central banks have now cut rates 666 times since Lehman.”
One would think this attempt by central banks to push everyone into risk assets, certainly the Swiss National Bank which as we showed yesterday has increased its US equity holdings by 50% in the first half of 2016 …
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