Central Banks Won't Save Us This Time

Central banks are unlikely to collaborate on a global rescue as market instability grows. Reasons include:

1. Divergent national interests prevent coordinated action.
2. The low inflation era and zero-interest rate policies have ended, complicating traditional intervention methods.
3. Persisting inflation continues to strain wage earners despite manipulated statistics.
4. Wages haven’t kept pace with inflation, further enriching the top 10% at the expense of the majority.
5. Wealth and income inequality exacerbated by central banks now limit their policy options.

In essence, central banks can’t indefinitely prevent asset bubble bursts, and their interventions have often worsened economic disparities.