Stretching monetary policy divergence to an extreme?

(Before It's News)

In this podcast I discuss the durability of monetary policy divergence between the Fed and, increasingly, the rest of the world. How far can this story be stretched, what narrative will win in the tug-of-war between hawks and doves. Unfortunately, I think it could turn out to be former. Finally, I discuss the case of the evaporating liquidity in bond markets, and why it matters. 

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