Monetary Roulette

Another thought to be developed is monetary roulette.

This is the game the central banks of the world are playing with their credibility and the global monetary system on the line as they continue to roll the chambers adding new QE to the system.

By now, they may have bought their own line that it may not actually have an effect.

The key question for policy makers are, when will the market call their bluff, and how big is the problem when they do."

Paraphrasing Herb Stein, "if something can't go on forever, then it won't."