by Graham Summers
The Central Banks are going to go absolutely nuclear within the next 18 months.
In the last few weeks we’ve seen the Bank of Japan, the Bank of England, the European Central, and the US Federal Reserve all push for fiscal stimulus instead of monetary stimulus.
What this means is that Central Banks are collectively saying, “We have reached the end of what QE and rate cuts can do, it’s now the Government’s responsibility to juice the system.”
Everyone believes this to signal that the Central Banks are done with monetary policy. They are… but only until the next major problem hits.