By EconMatters
It is obvious that the unintended consequences of ZIRP have destroyed financial market structure which ultimately flows through to the broader economy.
All the financials, the layoffs on Wall Street, and the way assets are trading in the financial markets in general illustrate that financial markets are not healthy right now, and slowly deteriorating every year since the initial benefits of the sugar induced euphoric high of Quantitative Easing Policies by Central Banks around the world has burned off.
An orderly exit by central banks is the best possible solution for trying to resuscitate some semblance of normal functioning financial market pricing mechanisms for assets around the globe.
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