Thursday 27, September 2012 by Matein Khalid
Central banks and macro trade ideas
History will remember September 2012 as the month the world’s most respected central banks became political Ponzi schemes, de facto hedge funds with trillion dollar balance sheets full of toxic debt and the avowed intention to devalue paper currency. A generation after Paul Volcker’s hard money inflation policies vanquished the inflation demons of the 1970’s, Draghi and Bernanke have amplified inflation risk.
