Moreover, it was not a coincidence that China made its announcement on the same morning that the other major
central banks of the world announced their coordinated action to head off a liquidity crunch for European banks.
JAMIE DIMON:
That central banks of the world well the United States Central Bank set the 10 - year bond rate, and it was 2.5 percent for 8, or 9, or 10 years.
Meanwhile,
Central Banks of the world are issuing debt at close to zero interest rates, and using some of that money to buy stocks.
I don't believe that
the central banks of our world have more forecasting power than the rest of us.
Much of this can be laid at the doors of
the Central banks of our world, because they pulled out all of the stops in the early 2000s to help establish an unending prosperity.
It feels like 2006, when parties were willing to sell volatility with abandon because
the central banks of our world had everything under control.
The G20 group, representing governments and
central banks of the world's richest countries, isn't exactly known for radical positions, but July's G20 summit in Hamburg, Germany, promises to be an exception.