The global economy continues to struggle with sluggish growth. Trade frictions have not erupted, but nor have they been resolved. Iran just seized a British tanker and BlackRock’s Global Index of geopolitical risk just hit an all-time high (see Chart 1). The reaction by investors? Drive volatility down to a three-month low. While recent behavior […]
source https://thebtrader.com/2019/07/30/why-the-central-banks-backstop-is-working/?utm_source=rss&utm_medium=rss&utm_campaign=why-the-central-banks-backstop-is-working
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