Bank Of America Begins 66-Day Countdown Until.... The "Ghost Of
1937" Returns
The last time the Fed tried to exit a period of massive balance
sheet expansion coupled with ZIRP - back in 1937
- its strategy..... completely failed.
The Fed tightening in H1’37 was followed in H2’37 by a severe
recession and...
- a 49% ....collapse in the Dow Jones.
This is the ghost of 1937 and....... it is about to make a repeat
appearance.
NB Now - Criticising the Fed Not Just - Once (Above) but.... Twice
(Below)
- Is someone there - looking for a - swan dive - or what ??
............................................................
This Is "The Biggest Risk To Global Equities"
"While most are focused on the risks around a withdrawal of
liquidity, we believe the biggest hit to confidence could be the
opposite: if another round of US QE is necessary to prop up the
economy,"
- BofAML says, suggesting the Fed ....is now cornered
- as raising rates risks..... destabilizing markets and...
- QE4 risks.... betraying the.... futility....
- of successive ....central bank interventions
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66 Days to go?....
Posted by saturn6 on 17th of Jun 2015 at 12:49 pm
Bank Of America Begins 66-Day Countdown Until.... The "Ghost Of 1937" Returns
The last time the Fed tried to exit a period of massive balance sheet expansion coupled with ZIRP - back in 1937
- its strategy..... completely failed.
The Fed tightening in H1’37 was followed in H2’37 by a severe recession and...
- a 49% ....collapse in the Dow Jones.
This is the ghost of 1937 and....... it is about to make a repeat appearance.
Bond market liquidity
Posted by pwb8 on 17th of Jun 2015 at 12:52 pm
This is the Achilles heel in my view. When liquidity dries up, the market will go down significantly driving cash into precious metals.
According To Bank of America, NB
Posted by saturn6 on 17th of Jun 2015 at 12:54 pm
According To Bank of America,
NB Now - Criticising the Fed Not Just - Once (Above) but.... Twice (Below)
- Is someone there - looking for a - swan dive - or what ??
............................................................
This Is "The Biggest Risk To Global Equities"
"While most are focused on the risks around a withdrawal of liquidity, we believe the biggest hit to confidence could be the opposite: if another round of US QE is necessary to prop up the economy,"
- BofAML says, suggesting the Fed ....is now cornered
- as raising rates risks..... destabilizing markets and...
- QE4 risks.... betraying the.... futility....
- of successive ....central bank interventions