Ozymandian Dreams…
“And on the pedestal these words appear: ‘My name is Ozymandias, king of kings: Look on my works, ye Mighty, and despair!’ Nothing beside remains. Round the decay Of that colossal wreck, boundless and bare The lone and level sands stretch far away .” (last part of Ozymandias, excerpted…by Percy Bysshe Shelley) The central banks of the world are the Ozymandias of today. What they say, do, whisper, insinuate, etc., those are the crumbs that many observers watch, turn over, interpret, and base investment analysis upon. It’s the central banks that have, with regularity, created the so‐called boom‐bust cycles of … Continue reading →
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