Befuddled by the Bull? The Primacy of Free Liquidity and Risk-Love
Comment of the Day

June 26 2020

Commentary by Eoin Treacy

Befuddled by the Bull? The Primacy of Free Liquidity and Risk-Love

Thanks to a subscriber for this report from Bank of America/Merrill Lynch which may be of interest. Here is a section:

Eoin Treacy's view

A link to the full report is posted in the Subscriber's Area. 

The biggest existential question in financial markets today is how likely are global interest rates to trend towards zero in aggregate. To date the Anglosphere countries have been adamant in their determination to avoid negative interest rates.

However, there is no avoiding the fact that interest rates are falling all over the world. Additionally, Poland, Ghana, Philippines, Chile, Turkey, Colombia, Thailand, South Africa, Egypt, Hungary, Romania, Indonesia and South Korea are all now engaged in quantitative easing.

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