“In the United States and the European Union, central banks have printed money mostly out of thin air. It’s quintessential funny money — an addictive drug that, when ultimately  withdrawn, could leave a series of painful hangovers.  But in key emerging markets — especially China — the central banks are drawing the liquid funds from a rich treasure chest of reserves. And this, in turn, is helping to create a burgeoning new middle class that’s driving more cars, crowding into more shopping malls, using more mobile devices, buying more homes.”

http://www.moneyandmarkets.com/global-markets-hitting-time-highs-70875

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