EDITOR'S NOTE: Guggenheim Investments CIO Scott Minerd recently told a global finance conference that central banks have “no exit plan” to get away from the economic stimulus they are “addicted to and that is causing the current inflation crisis. The executive, who helps advise the New York Fed explained that the “central banks are functioning in a role that they were never designed to do,” which is “running the markets.” He also says the market will soon test the Fed to see how committed they are to keeping the markets afloat, and the Fed will likely provide liquidity yet again, worsening the crisis.
Bloomberg Markets and Finance published this video item, entitled “Guggenheim’s Minerd Says Central Banks Have No Exit Plan” – below is their description.
Guggenheim Partners Chief Investment Officer Scott Minerd says markets are becoming “addicted” to central bank stimulus. He speaks at the Milken Institute’s 2021 Global Conference. (Source: Bloomberg)
Bloomberg Markets and Finance YouTube Channel
Originally posted on The Global Herald.