No need to close up shop or head for the exits just yet. Everywhere, all major financial outlets and alternative media channels are focusing on the yield inversion; articles about the subject are popping every hour.
No one is under the assumption that the Federal Reserve will raise interest rates anytime soon. Here’s the thing – if the central bank makes even one more mistake, Trump is going to devour them; expose them out in the open.
It would have been unthinkable just 30 years ago, but foreigners do not want U.S. dollars anymore. They have simply had enough, and it looks like they have no need of additional ones, either in the short- or long-term.
Larry Fink, founder of Blackrock, the world’s largest asset manager with over $6 trillion in client funds, has just given Bloomberg an interview. In it he described the financial experiment that central banks and governments began 10 years ago as JUNK.
We’re at the mercy of central banks. That’s the bottom line message, stemming from the October – February trading period.