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JUL 06, 2013 - Zero Hedge

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Guest Post: Forward Guidance? – Nonsense! Central Bankers Have No Choice

Submitted by Detlev Schlichter via DetlevSchlichter.com, After two decades of serial bubble-blowing, the world’s central bankers have maneuvered themselves into a corner. They created a monster in the form of an unbalanced global economy and a bloated financial system, laden with debt, addicted to cheap money, and in need of constantly rising asset prices. Now the monster is in charge and the central bankers dare not stop feeding it. The US Fed did, of course, make some noises to the effect that the flow of cheap money may at some point slow and then even stop. How credible these projections ... Read More

Tags: Guest Post: Forward Guidance? – Nonsense! Central Bankers Have No Choice,  Dollar Latest News