Coverage Universe - Weekly Price Changes July 13-20, 2018
This is only a sample of the article, please login to view the entire article
There is no better time for central bankers to test new thoughts on peers than at the annual meeting of central bankers. These have been held since 1978 at Jackson Hole in Wyoming. The big issue facing central bankers back then was rising inflation. Inflation is still the main topic, except nowadays the issue is not rising inflation, it is explaining the lack of inflation.
Current US central bank Chief Jerome Powell, the third in four years still maintains inflation is just around the next corner. This would be easier to accept if the bond markets were in agreement, but they are not.
In this regard, hats off to Bank of Canada Governor who issued a paper at the annual meeting titled The Fourth Industrial Revolution and Central Banking. Technology and its impact on the economy has been a frequent topic of ours, Mr. Poloz has taken this concept to the peer level at Jackson Hole. Comments this week look at this new approach now on the record at the annual event, and the implications this has for building a portfolio of reliable income focused investments.
You must be a member to view the entire article, please subscribe or login