FAST FIVE: Trader Warns: Three Things Remain "Very Real Perils"
Lower for longer was very much the intended message they needed people to internalize.
And investors acted as they were expected to.
Once they no longer believe that to be the case it becomes almost impossible to maintain the notion that the world can afford to have monetary policy as the sole support for the global economy.
People listen to the central bank messaging, become scared, and don't spend.
I'm convinced you have to have tenure to actually believe that.