by Mike ‘Mish’ Shedlock
In a “Trading Floor” interview, Saxo Bank CIO and chief economist Steen Jakobsen, discusses the role of central banks in the global economy with Saxo Bank’s Michael McKenna.
“Central banks can do nothing,” says Jakobsen.
He calls the current central bank low to negative interest rate policies the “New Nothingness”.
What follows is a guest post interview, courtesy of Steen Jakobsen, Michael McKenna, and the Saxo Bank “Trading Floor”.