Hot on the heels of the BIS’s annual report – criticising how prolonged low interest rates can create ‘distortions’ and threaten ‘price stability’ — comes this presentation from Citigroup’s credit team.
The bank’s credit strategists Hanz Lorenzen and Matt King have some simple advice for investors seeking to deal with modern (QEased) markets; “what feels wrong is probably right.”
Some select slides illustrating how to trade recent monetary policy:
Disturbingly accurate, that.