"Financial markets are signaling that investors have lost faith in central banks’ ability to support the global economy."
Spot the circular Idiocratic logic:
“Over the last few years when we got bad news, equity markets would rally because they would interpret this as potential for central banks to go more dovish,”
"There's a "positive" correlation between Employment and interest rates, meaning they both go down at the same time..."
Global growth (black line) peaked in 2007 and made a retracement high in 2011, since then growth has fallen steadily, despite record easing by Central Banks...
Global growth with commodities (red):
Global Dow (incl. U.S.):
Commodities, C$, EM Currency, EM Debt: