from Arabian Money:
It’s curious to hear economists like ex-Goldman Sachs chief Jim O’Neill talking about the bond market having the same feel as in 1994 when the Fed also tightened monetary policy, but it is just not going to happen this time.
Why? Because the world is addicted to the crack cocaine of cheap money and the global economy will collapse in a heap if it is taken away.
What we are seeing at the moment is a brief flirtation with this idea by the Fed. We are already witnessing the only too predictable outcome of a squeeze in global bond and equity markets.
Please follow SGT Report on Twitter & help share the message.