MoneySense#19 Entrust (3 July 2016)

Post Brexit, the UK political landscape is less than pretty, with no clear leadership. A rudderless ship into an approaching storm. What about the rest of the world? Is our faith in the infallibility of the Central Bankers a misguided notion that will soon come to roost?

Not to long ago, Mr Alan Greenspan could do no wrong. He was worshiped as a demi-god, where his every word, and nuance was placed on the elevated pedestal of wisdom. Today, his claim that the sub-prime issues that brewed during his watch was not within his sniffles, much as his reach of influence and power then was much longer than his nose, made him look like a very sorry incapable human specimen.

David Cameron, Nick Farage, and now brash Boris all seemed to have skipped town, after the colossal mess they created in disunited UK.

Will our seemingly wise but in truth bankrupt of ideas developed countries Central Bankers scoot off as well should interest rates ever do a dramatic reversal up. and leave many gullible enough to believe that holding a 60 years bond at 0.1% pa interest rate was a sensible decision.

Proverbs 3:5-6New International Version (NIV)

5 Trust in the Lord with all your heart

    and lean not on your own understanding;

6 in all your ways submit to him,

    and he will make your paths straight.[a]

NOTE 

Events since this sharing

http://www.cnbc.com/2016/11/14/donald-trump-blew-up-the-bond-market-and-changed-everyones-view-of-interest-rates.html