Since 2008, the chairman of a nation’s Central Bank has been more important to domestic economic policy than congress or the nation’s president. Congress has basically been replaced by the Treasury. The White House has been replaced by the Fed. Investors are making more of a note of this lately. Elected officials…are disappointing, to put it gently. “If investors could short congress, that would be the biggest play in the market,”...And while Ron Paul has failed to convince the general public that “it’s monetary policy, stupid”, the Texas Congressman said during the primaries in New Hampshire that, “never before has monetary policy been such a central theme on the campaign trail and so important to the nation.” That’s not only true in the U.S., it is also true in China, India, Brazil and all of eurozone, where the European Central Bank and the International Monetary Fund are busy coordinating an international effort with Finance Ministers globally to help protect southern Europe from bankruptcy. People in countries like Greece, Italy and Spain are losing their incomes.
Read the rest here
Forbes
Judy Morris,
Blogger, THL
Articles | Website
