Are Central Banks Caught in a Rate Trap? – Gerald Celente | Kitco News

from Kitco NEWS

lass=”” >After successfully boosting global equity markets with countless trillions of dollars, are central banks finally admitting their policies are failing? ‘Indeed, central banks are caught in a rate trap,’ says Gerald Celente, founder of the popular newsletter, Trends Journal. ‘If they raise rates, already slowing economies will further recede while stock markets and housing sectors relying on cheap money will falter. Should central banks lower rates, they risk currency depreciation and money outflows,’ he told Kitco News.

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