The Era Of Monetary Morphine

It has been the mantra for many during the post financial crisis period. Trust in our global central bankers. They are wise and have insights into the interworkings of the global economy and financial system that we could not otherwise imagine. As they saying often goes – what do they know that we don’t know? And so it has been in the decade since the outbreak of the financial crisis. Despite what continue to be completely unprecedented and extraordinary monetary policy actions, we should put all of our trust in the central banks to keep our investment portfolios rising and their values safe and sound. But the effective reality remains – we’re doin’ morphine.

Please click on the link to read more of my article on Seeking Alpha.

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