Well put, good summary.
Even if you were to believe the central banks control interest rates rather than just change them in reaction to the market rates, it doesn't change the fact they are just about running on empty. They couldn't prevent the dot.com crash or the GFC, and showing consistent form right now.
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Last
8,561.8 |
Change
-68.500(0.79%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,630.3 | 8,630.3 | 8,544.7 |
| XJO (ASX) Chart |