I have an undergraduate degree in economics plus an MBA in finance and when I went to school monetary policies conducted today by major central banks would have been considered heresy
Ben on negative rates : I don’t think it should be something of creating a lot of anxiety for ordinary people at this point.
Livingston nh 11:56:15 GMT - 02/01/2016
Inflation is still a problem in many countries - Brazil, Russia, Turkey et al - and we certainly don't have deflation in the US
Central Banks have been taken over by the backroom boyz who were previously confined to the role of bean counters - look at the Fed Board of Governors, no practical real world experience - just academics, think tanks and government
So Theory rules, governed by what SHOULD work and not what works
Livingston nh 13:15:22 GMT - 02/01/2016
Further to my comment that you can't fight deflation w/ nega rates
--
ECB Nowotny:
China developments are a concern,
policy could be reconsidered in March
markets expected too much easing in December and “should learn” from that
----
Nothing about Bankers learning anything
'Mt' 'JP' 16:48:26 GMT - 02/01/2016
Jay - there appear 3 possibilities to deal with your angst:
1 - co-opt the CBankers in your trades
2 - demand a refund from your MBA school
3 - use Traders Advocate to push for legislative change to make the "experts" be held accountable (stripped of their expert qualifying PhD degrees / forcing resignations / forcing restitution ect)
Which will you choose?
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