Guggenheim’s Minerd Says Markets “Addicted” to Central Bank Stimulus

2 months ago 15

10:27 PM IST, 18 Oct 202111:26 PM IST, 18 Oct 202110:27 PM IST, 18 Oct 202111:26 PM IST, 18 Oct 2021

(Bloomberg) -- Guggenheim Partners Chief Investment Officer Scott Minerd said markets are becoming addicted to cardinal slope stimulus, which helium said is playing a relation dissimilar immoderate different successful history.

The unprecedented stimulus the Federal Reserve unleashed connected the U.S. system during the Covid-19 pandemic, arsenic good arsenic akin cardinal slope moves, has thrust monetary argumentation into uncharted territory, accounting for factors specified arsenic income and sex inequality, Minerd said Monday astatine the Milken Institute Global Conference.

“For the clip being we’re conscionable addicted to this,” helium said. “Central banks are functioning successful a relation that they were ne'er designed to do,” helium said, adding that cardinal banks are present “running the markets.”

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