‘Clumsy’ Central Bankers Will ‘Destroy’ the Economy

by Kalyeena Makortoff

“Clumsy interventions” by some of the world’s central banker will “destroy” the economy and usher in political chaos, a notoriously bearish Societe Generale strategist has claimed.

In a note published Friday, Edwards once again slammed loose monetary policy, pointing fingers at central bankers for failing to recognize the consequences of low interest rates and quantitative easing (QE) programs, which he says have made “virtually

“When in the last few weeks I have heard that Janet Yellen sees no bubbles in the U.S., when Ben Bernanke hones and restates his helicopter money speech, and when Mario Draghi says that the ECB’s policy of printing money and negative interest rates was working, I feel utterly depressed, ” Edwards said.

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