{"id":21521,"date":"2016-08-16T19:01:26","date_gmt":"2016-08-17T00:01:26","guid":{"rendered":"http:\/\/olduvai.ca\/?p=21521"},"modified":"2016-08-16T19:01:26","modified_gmt":"2016-08-17T00:01:26","slug":"lord-rothschild-this-is-the-greatest-experiment-in-monetary-policy-in-the-history-of-the-world","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=21521","title":{"rendered":"Lord Rothschild: “This Is The Greatest Experiment In Monetary Policy In The History Of The World”"},"content":{"rendered":"

Lord Rothschild: “This Is The Greatest Experiment In Monetary Policy In The History Of The World”<\/a><\/h3>\n
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Two months ago, the bond manager of what was once the world’s biggest bond fund had a dire prediction about how “all of this” will end (spoiler: not well).<\/div>\n
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\"\"<\/span>Janus Capital<\/span>\u00a0@JanusCapital<\/span><\/a><\/div>\n<\/div>\n
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Gross: Global yields lowest in 500 years of recorded history. $10 trillion of\u00a0neg. rate bonds. This is a supernova that will explode one day<\/p>\n

10:05 AM – 9 Jun 2016<\/a><\/div>\n<\/div>\n<\/div>\n
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Now, it is the turn of another financial icon, if from a vastly different legacy –\u00a0 and pedigree – that of Rothschild Investment Trust Chairman himself, Lord Jacob Rothschild, who appears to be the latest entrant to the bearish billionaire club.<\/p>\n

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We were surprised to find his summary of recent events downright gloomy, and certainly non-conforming with a stock “market”, manipulated by central banks as it may be, trading at all time highs. Here are the key excerpts:<\/p>\n

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The six months under review have seen central bankers continuing what is surely the greatest experiment in monetary policy in the history of the world<\/strong>. We are therefore in uncharted waters and it is impossible to predict the unintended consequences of very low interest rates, with some 30% of global government debt at negative yields, combined with quantitative easing on a massive scale.<\/div>\n

To date, at least in stock market terms, the policy has been successful with markets near their highs, while volatility on the whole has remained low. Nearly all classes of investment have been boosted by the rising monetary tide. Meanwhile, growth remains anaemic, with weak demand and deflation in many parts of the developed world.<\/p><\/blockquote>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"

Lord Rothschild: “This Is The Greatest Experiment In Monetary Policy In The History Of The World” Two months ago, the bond manager of what was once the world’s biggest bond fund had a dire prediction about how “all of this” will end (spoiler: not well). Janus Capital\u00a0@JanusCapital Gross: Global yields lowest in 500 years of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[1870,14212,3889,3943,534,14213,1389,4318],"class_list":["post-21521","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bill-gross","tag-experiment","tag-janus-capital","tag-lord-rothschild","tag-monetary-policy","tag-negative-rate-bonds","tag-nirp","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/21521","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21521"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/21521\/revisions"}],"predecessor-version":[{"id":21522,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/21521\/revisions\/21522"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}