“Labor market conditions are affected by a variety of factors outside a central bank’s control,” admitted the Fed's Jeffrey Lacker after the employment report bounced around the world.
Insider offered an alternative, a heresy for Germans, an exit strategy if you will, a Plan B.... And he predicted that the euro might not last another five years!
Participants don’t see them. Outsiders shake their heads, until they get sucked in. Central banks create them, but deny their existence. Risks no longer exist. Take natural gas.
