Surprise for Central Banks - Updates: RCI, KMI, KML, PPL, Preferred Shares
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Globalization is a century's old process. Since cave persons first climbed a hill to scan the horizon for opportunity, or centuries later when ships sailed uncharted waters in the quest for wealth. Today's version is the rockets carrying people and payloads into space. For all three to happen technological advances were necessary to keep the ball rolling. Self-perpetuation and expansion of the human species using technology is genetic, political arenas of the day are the testing grounds.
The current phase of protectionism with trade tariffs, hostage taking, and what appears to be a slowing global economy, may not survive the evolutionary grade.
This divergence from Globalization to Protectionism is also an upsetting and unforeseen development for central banks. They did not plan this possibility in their strategies to recover from the Global Financial Crisis. Central bank policy decisions can now make or break the increasingly fragile political conditions present in the world economy. Comments this week cover key issues for central bank policy makers and what this means for interest rates and markets.
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