07/19/2017 - Macquarie: Central Bank Financial Repression Is Creating “Slaves”
Article: “While central bank interest rate policy has been a relatively muted factor in stock market performance recently – successive rate hikes and hawkish Fed inclinations have mostly been warmly greeted by stock market advances – this pattern is about to change, predicts a July 18 Macquarie research report .. Central bank quantitative interest rate repression, known euphemistically as ‘stimulus,’ has created a mirage of tranquility that is visible, in part, through historically low stock market volatility amid a mostly volatile geopolitical and national situation.”
