There are so many lies and diversions in this article that virtually every sentence needs dissection, starting with the claim that the central banks are an alternative to rule by wall street. It’s hard to understand how the credibility of FT or CNBC could survive such cluelessness, but apparently there really are that many fools out there who still have money to throw away. The question of conflicts of interest or who benefits from such “well-intentioned” incompetence never even arises. This is disaster capitalism.
Central bankers face a crisis of confidence as models fail