Consuming Itself

By |2014-11-07T18:01:05-05:00November 7th, 2014|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

I’m not sure how much this can pass for shared wisdom, but somehow central bankers have become concerned about central bankers. This situation has been described and discussed ad nauseam since Japan first went full ZIRP in 1999. For all that supposed self-reflection, nothing has really changed except the rhetoric – and only recently. “This is a world which places [...]