Yesterday, November 13, Bloomberg's Rich Miller reported on survey results from international investors who use Bloomberg services. According to the survey, Miller claims international investors believe the economies of the world are in bad shape, in fact, the worst shape in two years.
From the chart above, this should be everyone's take away:
- 75% of Bloomberg customers say Mario Draghi doesn't know what he is doing at the European Central Bank.
- 50% of Bloomberg customers say Janet Yellen and friends don't know what they're doing at the Federal Reserve.
- 45% of Bloomberg customers say Haruhiko Kuroda doesn't know what he is doing at the Bank of Japan.
- 37% of Bloomberg customers say Canadian Mark Carney doesn't know what he is doing at the Bank of England.
The results are clear. Many to most international investors believe central bankers are clueless and don't know much about commercial banking.