Don’t fear the ‘big, bad’ central banker
|07/07/2017||Posted by BusinessMediaguide.Com under General World News||
Don’t fear the big, bad central banker.
That’s the advice being offered by Bank of America Merrill Lynch (BAML), which sees investor anxiety creeping higher amid tightening monetary conditions, but doesn’t necessarily agree with it.
That nervousness has manifested itself in both equity and bond markets worldwide, which tumbled on Thursday amid renewed trepidation over central bank hawkishness.
And while BAML understands the worry — after all, the unwinding of unconventional stimulus measures puts the market in uncharted territory — the firm still thinks there’s way too much going for the market right now. Most notably economic growth that will translate to read more >>>