Authored by Bill Blain via MorningPorridge.com,
“Never trust a granny on a scooter wearing a balaclava.”
The risks of Central Bank policy mistakes are escalating. Fixed Income markets are wising up to the potential of long-term stagflation/inflation. A bond correction will crush stock markets if/when real interest rates turn positive. Central Bankers will need to decide: intervene to save markets – continuing the current distortions, or let loose the dogs of market meltdown. Anyone for the last few choc-ices? The headline in the Torygraph sums up the imminent destruction of the West: “Irn-Bru warns of disruption from […]
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