Central Bank Omnipotence – Hobson's Choice

Central Bank Omnipotence – Hobson’s Choice by Evergreen Gavekal “Tomorrow belongs to those who can hear it coming.”  -DAVID BOWIE Introduction When a choice isn’t a choice. For this month’s edition of our Guest EVA, we are again showcasing one of the financial world’s rising-star newsletter writers, Ben Hunt.  In addition to being the developer of the Epsilon Theory website, Ben has become increasingly known for coining the phrases “The Golden Age of the Central Banker” and “The Era of Central Bank Omnipotence”.  Both of these expressions relate to his belief that we are in an era where markets are…