About the absence of normal markets…
Here is what the sometimes brilliant Ambrose Evans-Pritchard has to say on the subject:
“We no longer have a free market. The world’s financial asset prices have become a plaything of central banks and the sovereign wealth funds of a few emerging powers.
Julian Callow from Barclays says they are buying $1.8 trillion worth of AAA or safe-haven bonds each year from an available pool of $2 trillion. Nothing like this has been seen before in modern times, if ever.”
Amen to that. Full story below.
If Bernanke really shakes the tree, half the world may fall out –… blogs.telegraph.co.uk
We no longer have a free market. The world’s financial asset prices have become a plaything of central banks and the sovereign wealth funds of a few emerging powers. Julian Callow from Barclays says they are buying $1.8 trillion worth of AAA or…
