“Certain central bankers are now coming out of the closet admitting that their favorite shenanigans—ultralow interest rates and printing money with utter abandon—can’t solve the very problems they were designed to solve, which has been obvious for a long time. What they’re not yet admitting massively, though some are starting to hand out hints, is just how much havoc these policies are wreaking.”
This from the BIS.
http://wallstreetexa…e-wolf-richter/
This article is based on the BIS annual report, which is a large document. Will the central bankers actual read it? The report starts out talking about banks and how they have to become more balanced with Basel III standards. I have not come across any central bank stuff yet but that will occur.
http://www.bis.org/p…pdf/ar2012e.pdf
Joe
