Categories: General Market Commentary / Precious Metals
Topics: General Market Commentary / General Precious Metals

Sprott's Thoughts As Central Bankers Spin

Sprott's Thoughts

As Central Bankers Spin

I know that I resemble the old guy in this cartoon, standing by helplessly as I watch central bankers experiment with the global economy.  Bubbles are blown, again, in several asset classes.  Negative interest rates have become an acceptable concept, as if they are just words and have no real economic meaning.  Stock markets trade based on the next set of words from a central banker, regardless of how wrong these people have been, for almost a decade, on their ‘predictions’ and dot plots of the future.  There is a Stephen King novel in the making here, something about the horrors of the people that created a gigantic problem also being the people in charge of fixing the problem they created, as if they aren’t at fault in the first place.

Speaking of horror, the latest ‘news’ from the FOMC and BOJ hit the street last week.  The Fed, once again, did nothing but chose to sit on their hands while continuing to ‘talk’ up the economy and the need to raise rates.  Isn’t there some old cliché about words versus actions?

To continue reading please click link http://www.sprottglobal.com/thoughts/