Central Bank Credibility, Now Here's a Bubble

Equity bulls, which nearly everyone is these days, received some supposed great news today from two of the world’s most prominent central banks. First, with its next policy meeting less than two weeks away, European Central Bank (ECB) President Mario Draghi, speaking to the Euro Banking Congress in Frankfurt, said... … We will do what we must to raise inflation and inflation expectations as fast as possible, as our price-stability mandate requires. To which he added… … If on its current ...