“The problem is that we’re not [where we are] because markets have decided this,
but because central banks have told us…”
“The beauty of capital markets is that they are voting systems,
people vote every day with their wallets.
Now voting is finished.
We’re being told what to do by central bankers
and you lose money if you don’t follow their lead.”
Sir Michael Hintze
Financial Times (FT, June 14/15 2014)