CB’s Love Adele

Central Bank balance sheets are exploding globally. Nations not battling private sector de-leveraging are combating recessionary fears. We were not fans of Operation Twist and remain anti additional LSAP. Synchronized monetary mayhem is "easy" on the way up. Exiting? That's a nasty business. The globe will need to de-link to even entertain the concept.

Central Bankers seem to be locked into last year's Adele popularity. Similarly, it will end in tears.

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