sailingaway
06-03-2013, 08:23 PM
The Bank of International Settlements Warns of Market Complacency in the Age of Monetary Easing
the second such warning in just a few days..
I guess they figure since Ron retired from Congress someone else has to pick up the slack?
Another warning on the underlying health of the economy came from a study released today from the Bank of International Settlements.
Their reports is entitled "Markets Under the Spell of Monetary Easing"
The first paragraph tells you all you need to know: "Risk assets extended their rally as futher monetary easing helped market participants tune out signals of a global growth slowdown. The spate of negative economic news between mid-March and mid-April did little to interrupt the advance of equity prices in advanced economies. "
The BIS report echoes the sentiments of the Federal Advisory Council's May meeting minutes reported on here at Active Rain and what I wrote in back in April that the economic news was poor, yet the markets were rallying. Nothing has changed other than the passage of time and the further ignoring of more poor economic data and further increases in the stock and real estate markets.
http://activerain.com/blogsview/3747021/bis-markets-under-the-spell-of-monetary-easing
h/t to this blog which paired the link with an appropriate music video: http://smaulgld.com/the-bank-of-international-settlements-warns-of-market-complacency-in-the-age-of-monetary-easing/
“A man hear what he wants to hear, and disregards the rest” -Simon & Garfunkel
http://www.youtube.com/watch?feature=player_embedded&v=l3LFML_pxlY#t=0s
the second such warning in just a few days..
I guess they figure since Ron retired from Congress someone else has to pick up the slack?
Another warning on the underlying health of the economy came from a study released today from the Bank of International Settlements.
Their reports is entitled "Markets Under the Spell of Monetary Easing"
The first paragraph tells you all you need to know: "Risk assets extended their rally as futher monetary easing helped market participants tune out signals of a global growth slowdown. The spate of negative economic news between mid-March and mid-April did little to interrupt the advance of equity prices in advanced economies. "
The BIS report echoes the sentiments of the Federal Advisory Council's May meeting minutes reported on here at Active Rain and what I wrote in back in April that the economic news was poor, yet the markets were rallying. Nothing has changed other than the passage of time and the further ignoring of more poor economic data and further increases in the stock and real estate markets.
http://activerain.com/blogsview/3747021/bis-markets-under-the-spell-of-monetary-easing
h/t to this blog which paired the link with an appropriate music video: http://smaulgld.com/the-bank-of-international-settlements-warns-of-market-complacency-in-the-age-of-monetary-easing/
“A man hear what he wants to hear, and disregards the rest” -Simon & Garfunkel
http://www.youtube.com/watch?feature=player_embedded&v=l3LFML_pxlY#t=0s