Tuesday, May 12, 2015

Bob Janjuah on monetary policy of central banks around the world

Looser monetary policy will continue pretty much everywhere else in the world [except the US]. In particular, once it becomes clear that the Federal Reserve is not going to hike, the U.S. dollar is likely to weaken. 

This would force the rest of the world to step up efforts to loosen policy to weaken their currencies vs the U.S. dollar. I see this as the ultimate race to zero.

Monday, May 11, 2015

Central Banks not right on money

Growth remains pretty anemic. Central banks beyond doubt are mis-pricing money and risk.