Stop Watching Central Bankers

The U.S. 10-year Treasury is now at 1.42%, its lowest level since July 2012. What gives? Yes, Brexit has roiled the markets, but can money really be that cheap? It is. Relatively, 10 years are rich in yield.

This post isn’t about the flight to safety, however. It’s about how our governments have failed us. Central banks are out of ammunition, fiscal policies during the recession were just not aggressive enough. We can’t rely on central banks. It’s our fiscal and regulatory apparatuses that are broken.

I don’t have an answer. Neither does Janet Yellen. Governments have to change. Maybe that’s what Brexit is all about.

About vincentryan2013

Editor in chief, Digital Platforms, at CFO Publishing
This entry was posted in Uncategorized. Bookmark the permalink.

One Response to Stop Watching Central Bankers

  1. Update: 10 year now at 1.46%

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s