The Big Short, Central Banks, European Sovereign debt, HY And More
VIa Stephen B. Blumenthal Chairman & CEO CMG Capital Management Group, Inc
Where do we stand now, economically?
“Well, we are right back at it: trying to stimulate growth through easy money. It hasn’t worked, but it’s the only tool the Fed’s got. Meanwhile, the Fed’s policies widen the wealth gap, which feeds political extremism, forcing gridlock in Washington. It seems the world is headed toward negative real interest rates on a global scale. This is toxic. Interest rates are used to price risk . . .
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