from Wolf Street:
The CFA Society of the UK, in a poll of its 11,000 “investment professional membership,” put the conclusion into the headline:
Perception jumps of Developed Market Equities as overvalued, as indication of ‘Bond Bubble’ becomes more extreme.
The Fed has floored the monetary accelerator with its steel-capped, lead-lined boot for over six years. Other central banks have followed. They expected, or pretended to expect, that it would create demand, economic activity, and consumer-price inflation.
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