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Central Banks Running out of Reputational Ammunition

With two significant central bank meetings happening within a week, Wall Street is looking for a combination of rate cuts and more QE. Also, expectations for a favorable resolution to the U.S.-China trade war are high. If central banks do not play their hands correctly, their reputation ammunition will be used up before the next financial crisis when they will really need it.

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Jim Rickards’ Project Prophesy

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Dan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which...

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