Currency carry trades end suddenly causing asset bubble to burst violently and it would be prudent to stay invested in short-term debt and wait for the opportunity.
There have been many events in the monetary policy galaxy and most of them albeit high profile, are, at best distracters. The reason we brand statements by US president, Chief of PIMCO and the heads of the US and EU central banks as distractions is because every statement made by these people in influential positions…