Global central bankers are coalescing around the message that the cost of money is headed higher -- and markets had better get used to it.
Just a week after signaling near-zero interest rates were appropriate, Bank of England Governor Mark Carney suggested on Wednesday that the time is nearing for an increase. His U.S. counterpart, Janet Yellen, said her policy tightening is on track and Canada’s Stephen Poloz reiterated he may be considering a rate hike.
A Crash is coming…Let’s break this down…
The world is sporting a Debt to GDP ration of 327%.
All of this debt was issued at a time when bond yields were FALLING.
Central Bankers now want bond yields to RISE.
Are these people TRYING to crash the system?