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Intervening in bond markets may dilute them and damage the central bank's credibility.
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Necessary changes may dilute the pure beauty of it – but we will not die.
They fear anything that may dilute it.
Moreover, multiple incumbents may dilute media attention thereby limiting name recognition advantage.
Emerging markets may stumble.
Markets may pick up again.
Markets may require "adult supervision".
Bull markets may come and go.
Markets may fail, but governments fail more.
The public markets may be less patient.
The markets may not wait that long.
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CEO of Professional Science Editing for Scientists @ prosciediting.com