Wry & Dry #22-25 Kristallnacht. Road to Damascus. Nuclear flag.
Join the dots. A synagogue in a Melbourne suburb gets fire-bombed. And the Victoria police send out the… arson squad. Really? Yes, really.
Winding down the year, with a bit of RBA Christmas cheer
Investment Matters has noted over the years that markets for the past two decades have spent considerable time and resources parsing in detail small changes in statements made by central banks around the globe.
Central banks understand this focus. And in turn are very careful with their language in both written statements and press conferences. The aim is to be clear, hold surprises to a minimum and use their status to influence markets expectations in a consistent fashion.
Markets appreciate understanding which economic factors are being considered more closely than others.