As far as the market in general is concerned, I want to see if there is any reaction to the Central Bankers meeting at Jackson Hole. It is the QE which is supporting things and nothing more. If you were analyzing the markets on the usual fundamentals, you not only would be in cash but you would be hiding under the bed as well.
On the surface there is nothing to suggest this meeting is any different to those previous .... but surely the data is screaming at them that they have got the analysis wrong. QE is not curing the problem and it is creating more problems on its own account.
Weekend STT Lounge: 22-24th Aug, page-32
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