Financial Post: Martin Pelletier: Low interest rate policy and excessive central bank liquidity has caused some major dislocations in the market...
'Although central bankers would like to continue their quantitative-easing indefinitely, their “inflation is transitory” excuse appears to have finally run its course, leaving them little choice but to finally address ongoing supply disruptions and wage inflation. This isn’t good news for those governments that are recklessly spending and dependent on their central bankers to support their deficits...'