Current Central Banking has been decidedly left of center. And I hate this 0 interest rate policy of the Fed that's persisted for more than seven years, as well as much of the central banking around the world today. It's too passive and 'accomodative'. The plan is now stupid and not at all what it was supposed to be in the beginning. Feel like it has become about righting the situation versus some temporary market adjustment.
"Howard Marks"We are living in a difficult, low-return world that has been ignoring risk incidents," Marks said. “When the market shrugs off its problems, it is not a plus, as that permits problems to accumulate. Up-cycles don’t go on forever.
Are they doing the right thing by socializing banking?
