Central banks are NOT being accomodative enough, that is the cry coming from the markets once again!.
The current downward trends in the energy and commodity complex should be a warning sign to anyone with a "price stability" mandate. For now we should look at this energy cliff as an early warning sign for stress in the system. And as such we should expect the usual central bank backstopping to come out in force if this trend picks up material steam!
Its the same old sad story, reflation or bust ............ UNSUSTAINABLE!
THIS IS NOT THE WAY TO RUN A GLOBAL ECONOMY........... IT IS LIKE TRYING TO FLY TO THE SUN WITH WAX WINGS. WE ALL KNOW HOW THAT TURNED OUT.