Loading ...Rates have to be the scums main nightmare, as the only way they can really control them is by QE and that is a nono in a “healthy” economy.
Yes short term they can get away with some control…but we are talking over 8 yrs now since the zero rate game was started and serious problems are building in the Boomer retirement funds, which no-one talks about.
Unless rates return to normal soon, ALL boomers will retire with effectively no pensions, as they cannot buy annuities that pay for more than a joke pension and will be effectively wiped out of the economy…which will wipe out the economy….
Same goes for all pension funds, Zero rates mean they are all underfunded, that has often happened before, but never for so long and the Boomers are retireing now.
In a nutshell the financial system/society cannot function with Zero rates….but with current debt ratios nor can the financial system/society function with normal rates…..
Meanwhile back in the real world, the regulators are glued to some porn channel, as the scum wipe out all the $ 1200 call buyers….for the umpteeth time.
Agree re dollar…a huge crowded trade that is only being added to, by the idiot Algo’s as we speak….am trying to get short….Cable looks a v good bet here…whole world is short it.
Cheers