Dario Perkins, managing director for global macro research at TS Lombard
The idea that central banks can address any problem that emerges in markets is surely one of the most dangerous in finance. Since the outbreak of the coronavirus in China, it is reaching the point of parody. Without doubt, the prospect of monetary stimulus has buoyed investor confidence over the past year, supporting a powerful rally in equities and a big easing in financial conditions.
The full article is available at https://www.ft.com/content/843af018-4c23-11ea-95a0-43d18ec715f5