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IPFS News Link • Central Banks/Banking

JPMorgan: "Central Banks Have Created A Collective Hallucination...

• https://www.zerohedge.com, Tyler Durden

Fast forward to today when things are very different, and everyone from SocGen, to Rabobank, to Bank of America trashes the joke that is the Fed, and whose devastating money-printing fetish - just to keep stocks elevated - has become so conventionally accepted that the only ones who can't see it are either idiots or those whose paycheck depends on not seeing it.

We can now add JPMorgan to the list of those who do see what was obvious to everyone back in 2009.

In an interview with  Bloomberg TV, Oksana Aronov, head of alternative fixed-income strategy tat JPMorgan Asset Management, said that central bank buying has forced rising credit valuations out of line with deteriorating fundamentals, resulting in a market where everything is broken:


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