Tipping point for global central banks
William Worth, managing member of Prime Point Investment Advisors, is both fascinated and frightened by global monetary policies in the age of zero and negative interest rates, quantitative easing and ballooning global debt. World economic growth has been subpar despite unprecedented monetary actions since 2008, Mr. Worth said, and growth in the U.S. may be “simply the result of the corporate tax cuts that have ballooned the budget deficit.”
“It certainly makes one wonder if global central banks have been ‘tilting at windmills’ since 2008. And, if so, what happens next and what will we really learn?” he asked.