Thursday, June 23, 2016

Central Banks Are At The Brink
William Pesek is based in Japan & writes for Barron's Asia .. in this piece, he explains how central banks have created a hazard to the economy by keeping interest rates at 0 for too long .. on top of that, central banks appear to be running out of options to "stimulate" the economy .. "QE has lulled all economic sectors and players into a state of addiction and complacency. This, I’d argue, is a bigger risk than asset bubbles. It explains why, 25 years after Japan’s asset bubble burst, politicians are still punting structural reforms forward."
LINK HERE to the essay

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