Blain: What Really, Really Worries Me Is That Markets Are Losing Faith In Central Banks

“What if Central Banks were to ‘fess-up and admit ZIRP and QE has been utter bunkum, hasn’t worked and we need to do something else?  What if such an outbreak of honesty triggers a Taper Tantrum of monstrous proportions?”

“Many of my readers think I’m some sort of uber-bear, repeatedly predicting some inevitable and unavoidable market Armageddon is imminent and just moments away.  While Scotsmen are seldom mistaken for a sunny day, I’m actually a fairly cheerful soul.  Even while foretelling the dire and bloody end of the financial world I always caveat it with no matter how bad the next downturn might be – the sun will come up the following morning.  However, and but again (dark clouds blank the sun) I do think we should be aware of just how tenuous all this market euphoria in Bonds and Stocks still is.

This morning we wake up to lots of stuff that could move markets:”

https://www.zerohedge.com/markets/blain-what-really-really-worries-me-markets-are-losing-faith-central-banks