jim bianco: The country with the world's reserve currency has the highest policy rate out there in the developed world, Muir wrote, pointing to the chart above, according to Market Watch. If we look back over time, this has often coincided with market crises. But the typically bullish investor behind the Macro Tourist blog pointed to this chart from Jim Bianco at Bianco Research as the pressing reason he's dumping his long positions in U.S. equities and looking for opportunities on the short side Caption outside of wrapper for normal article images His main worry The U.S. is too tight for the world economy. He said the world should follow the U.S.'s lead and implement fiscal stimulus and stop relying on monetary madness. And with the Fed so tight relative to the rest of the world, eventually it causes problems. But our job is not to decide what should be, but calculate what is, he wrote.
(news.financializer.com). As
reported in the news.
Tagged under jim bianco, reserve currency topics.