Dullards reign in a new world

Nothing is normal any more as central banks intervene in markets in a big way around the globe

22nd March, 2015

You know you’re living in interesting times when central bankers are objects of fascination. Normally so boring they send valium-dependent accountants to sleep, central banking is where modern monetary policy is being made at speeds that would give previous generations nightmares.

The key problem is how interconnected every asset class, every currency, and every banking system is today. Complexity, contagion and the problems of coordination.

The economies of the West are either stagnating...

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