Central banks are withdrawing ultra-expansionary policies with markets at their highs and with many excesses: for investors this is the number one risk. Reason: there are so many vulnerabilities
di Morya Longo
For years central bankers have repeated that monetary policy has entered “uncharted territory”. And now, after more than a decade of Fed, ECB & C policies that we continue to call “unconventional” even though they have become the norm, it is the financial markets that have entered uncharted terrain. To show behaviors and valuations never seen before or for many decades: real government bond yields are at historic lows in America and Europe, earning …
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