Latest News

Milken Conference Goes Live, In Person and Virtually, After Covid Chaos

Economy1 hour ago (Oct 18, 2021 18:32)

© Bloomberg. Michael Milken, chairman of Milken Institute, speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 30, 2018. The conference brings together leaders in business, government, technology, philanthropy, academia, and the media to discuss actionable and collaborative solutions to some of the most important questions of our time. Photographer: Dania Maxwell/Bloomberg


(Bloomberg) — Guggenheim Partners’ Scott Minerd said markets are becoming addicted to central bank stimulus, which he said is playing a role unlike any other in history.

The unprecedented stimulus the Federal Reserve unleashed on the U.S. economy during the Covid-19 pandemic, as well as similar central bank moves, has thrust monetary policy into uncharted territory, accounting for factors such as income and gender inequality, Guggenheim’s chief investment officer said Monday at the Milken Institute Global Conference.

“For the time being we’re just addicted to this,” he said. “Central banks are functioning in a role that they were never designed to do,” he said, adding that central banks are now “running the markets.”

About 2,500 people are participating in the conference — roughly half the number of previous years because of concerns over Covid-19. There is a Covid team walking around, clad in bright pink vests with signs reminding people to wear masks.

The conference is open to in-person and virtual attendees, a year after the rescheduled 2020 event was forced to go online by the coronavirus pandemic. The event runs through Oct. 20.

©2021 Bloomberg L.P.

Milken Conference Goes Live, In Person and Virtually, After Covid Chaos

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Guggenheim’s Minerd Says Markets “Addicted” to Central Bank Stimulus

Previous article

Italy faces capital demand of more than $8 billion to offload Monte dei Paschi

Next article

You may also like


Leave a reply

Your email address will not be published.

More in Latest News