The Fed and G7 central banking establishment has “learnt nothing from their empirical experience since 2008, which is simply extraordinary,” Christopher Wood at CLSA Research writes. The lessons that should have been learned during the financial crisis – when numerous warnings were given – is repeating itself. The US Fed is in a politically vulnerable position, he writes, as the Bank of Japan is already taking marching orders from Japanese Prime Minister Shinzo Abe. Watch out because missteps at this point, particularly if Donald Trump is elected, could be costly.
CLSA Says Fed Learned Nothing From 2008; Watch Out For Trump
Mark Melin
Why were warnings missed in 2008? Was the Fed...
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Subscribe and get an extra 20% off annual with code LETTERSMark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
