Are our economic over Lords losing control?
As financial markets become more and more detached from reality the message coming from the world’s central banks is inconsistent at best. If this trend continues central bankers risk losing confidence of the market and tipping the global financial markets into turmoil.
Mark Carney, Governor of Bank of England (BoE) is a perfect example. Only a few months ago he announced the BoE would be looking to raise interest rates, only to back track when equities started to tumble.
Janet Yellen is also facing criticism over the Feds handling of U.S. interest rate policy. Last month Yellen succeeded in raising ...