{"id":49730,"date":"2019-11-20T11:14:42","date_gmt":"2019-11-20T16:14:42","guid":{"rendered":"https:\/\/olduvai.ca\/?p=49730"},"modified":"2019-11-20T11:14:48","modified_gmt":"2019-11-20T16:14:48","slug":"central-bankers-are-starting-to-lose-control","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=49730","title":{"rendered":"Central Bankers Are Starting To Lose Control"},"content":{"rendered":"\n

Central Bankers Are Starting To Lose Control<\/a><\/h3>\n\n\n\n

All is good. The trade war between China and the United States comes to an end, the global economy has weathered the worst, and central banks are making sure that markets continue to go up. This is the scenario currently shaping the consensus.<\/p>\n\n\n\n

Kevin Duffy is a battle-proven veteran in the risky business of short selling. He co-founded Bearing Asset Management<\/a> in 2002. He and his partner were vocal critics of the 2007 credit bubble, successfully shorting many of its most aggressive players including Countrywide Financial and Bear Stearns. Prior to Bearing, Kevin co-founded Lighthouse Capital Management and served as Director of Research from 1988 to 1999. He chronicled the excesses of the Japan and technology bubbles of the late 1980s and the late 1990s. Kevin Duffy bought his first stock at the age of 13. He has a passion for Austrian economics and is the author of the popular Notable and Quotable<\/a> blog.<\/p>\n\n\n\n

Kevin Duffy remains skeptical. The experienced short seller warns that the super easy monetary policy is getting less and less effective. \u00abThis year, we\u2019ve had this big sea change in terms of the central banks going back to easing and being more accommodative. Yet, the bond market is basically saying: no more! Easy monetary policy is not having the same stimulative effect as it had in the past\u00bb, says Duffy.<\/p>\n\n\n\n

Although it\u2019s been a brutal year for short sellers, Duffy is convinced his time will come soon. In this in-depth conversation with The Market, he explains why he\u2019s betting against stocks like BlackRock and MSCI \u2013 and which names are on his buy list.<\/p>\n\n\n\n

Mr. Duffy, investors are in \u00abrisk on\u00bb mood again: concerns about a global recession are waning, the S&P 500 is at record levels. What\u2019s your take on financial markets?<\/strong><\/p>\n\n\n\n

 \u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"

Central Bankers Are Starting To Lose Control All is good. The trade war between China and the United States comes to an end, the global economy has weathered the worst, and central banks are making sure that markets continue to go up. This is the scenario currently shaping the consensus. Kevin Duffy is a battle-proven […]<\/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":[27800,8861,3222,3650],"class_list":["post-49730","post","type-post","status-publish","format-standard","hentry","category-economics","tag-kevin-duffy","tag-the-market","tag-trade-war","tag-us-federal-reserve"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/49730","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=49730"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/49730\/revisions"}],"predecessor-version":[{"id":49733,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/49730\/revisions\/49733"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}