In this report, I cover the early market action from London on Tuesday, November 12th, 2019. I look briefly at the precious metals, the stock market, the dollar, the bond market and the price of WTI and Brent crude oil.
Today I cover some comments made by senior people in major financial institutions.
One of them is the President of Deutsche Bank A.G. who warns that the ECB's policy of negative interest rates and QE is hurting savers and also financial institutions like Deutsche Bank.
The other one is Ray Dalio, the Chairman of Bridgewater Associates, who recently also warned that the current monetary system is broken and only benefits the very wealthy who own most of the financial assets in the world.
My conclusion is that when the people who have benefited the most from the current Central Banking policy start becoming critical of that system one needs to take heed and protect themselves by having little to no exposure to the said system.
"The World Has Gone Mad and the System Is Broken" by Ray Dalio: https://www.linkedin.com/pulse/world-...
"Negative Rates Warning: Deutsche Bank Criticizes ECB Policy": https://www.bloomberg.com/news/videos...
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BAT "The World Has Gone Mad and the System Is Broken" by Ray Dalio: https://www.linkedin.com/pulse/world-has-gone-mad-system-broken-ray-dalio/