Loading ...What Patel says makes sense.
However he runs under the same assumption so many of us have run on for the past decade, and done so to our detriment.
He still keeps using this word “market” but as the central bankers have shown us over and over again … they will break any law, bluff and lie, jawbone and deceive yo keep their system going.
Does India need us $1 trillion stat or they blow up the world? The fed will, behind closed doors print it and wire it to them.
Crisis averted, everything is fixed.
No my friends, until a big actor repudiates their debt publically so it’s out in the open — this keeps going.
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In one of Bridgewater’s latest Daily Observations authored by co-CIO Greg Jensen, the firm writes that “2019 is setting up to be a dangerous year, as the fiscal stimulus rolls off while the impact of the Fed’s tightening will be peaking” a point echoed yesterday by the head of the Indian central bank, Urjit Patel, who warned that unless the Fed ends its balance sheet reduction which comes as a time when the Treasury is soaking up dollar liquidity by issuing substantial amounts of Treasuries to fund the Trump budget, the tightening in financial conditions could lead to a global conflagration started by emerging markets.