We cannot be surprised that the central banks have so little visibility into these situations given the sheer opacity of the entire process. Arguably, it is why they are always reactive, with changes in their actions merely a question of how long a delay, rather than if there is a delay between a catalyst and a response.
Are We There Yet?
We cannot be surprised that the central banks have so little visibility into these situations given the sheer opacity of the entire process. Arguably, it is why they are always reactive, with changes in their actions merely a question of how long a delay, rather than if there is a delay between a catalyst and a response.