Weekend Reading: The Global Dichotomy

by Lance Roberts
Real Investment Advice

Earlier this week, I showed this chart of all of the Central Bank interventions over the last 18-months which has been supporting asset markets despite deteriorating earnings.

[…] I will now add to this chart the Bank of England which yesterday morning fired their own “QE Bazooka” much like the ECB earlier this year in a rush to offset any potential fallout from the “Brexit.”

The great global dichotomy, of course, is that while Central Banks have been flushing the globe in liquidity, suppressing interest rates and bailing out banks as fast as possible, the mainstream media continues to tout the strength of the economy.

“No recession in sight.”


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