When you have world central banks which refuse to allow natural price discovery mechanisms to determine fair market value for ANY asset, you know there is a major problem.
We are quickly approaching a moment in history where central banking/bankers will be considered public enemy number one.
Money printing, bond buying programs, suppression of interest rates, faked economic news, monetary distortions, capital misallocations, bubble creation-all this must balance out over the long run and the ramifications of that is going to rock the core of the Earth as EVERY asset class will eventually correct to fair market value. There is no stopping it.
From one week to the next, Fed. President to Fed. President, they simply cannot get their story straight!
It’s not just laughable but VERY dangerous.