Macquarie: Central Bank Quantitative Interest Rate Repression Creates "Slaves"Mark Melin
While central bank interest rate policy has been a relatively muted factor in stock market performance recently – successive rate hikes and hawkish Fed inclinations have mostly been warmly greeted by stock market advances – this pattern is about to change, predicts a July 18 Macquarie research report. Central bank quantitative interest rate repression, known euphemistically as "stimulus," has created a mirage of tranquility that is visible, in part, through historically low stock market volatility amid a mostly volatile . . .
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