Central Banks Are Rapidly Running Out of Options
Central Bankers are flummoxed.
Having cut interest rates over 600 times since 2009 (and printed over $15 trillion), they’ve yet to generate the expected economic growth.
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The Fed Hike Will Unleash A Monster Dollar Rally Goldman Predicts; Merrill Disagrees
The "long dollar" trade may be the most crowded ever...
...but that doesn't mean there aren't disagreements where the greenback goes from here, especially after the Fed's historic first rate hike which according to some means the end of the dollar's tremendous year-plus long rally as the market starts to price in the next recession as a result of the Fed's own action, while according to others as a result of rate differentials and other central banks' ongoing debasement of their own currencies, the dollar surge is only getting started.