“Central banks are in combat mode. On the front lines: Europe, Denmark, Canada, Switzerland, Peru and India. Each of their central banks has taken unprecedented and dramatic action to ease policy and weaken their currencies in the past few days. The currency wars have defined post-financial crisis policies, as countries and central banks search for economic growth that’s been lumpy and disappointing. The question investors are now asking: How does this all play out? For the time being, they love it. Easier policy, low rates, QE, cheap money, weak currencies—it’s all a recipe for gains in stocks and bonds.”
http://www.cnbc.com/id/102360917
Related posts:
TSA and Border Patrol stole his life savings but never charged him with a crime
Central Bank Injects Cash After China Money Rates Jump to Records
Here’s what critics miss about Bitcoin’s long-term potential
Supreme Court rejects appeal of shoplifter serving life sentence
Insatiable appetite for gold fuels India’s smuggling industry
A Day in the Life of Cameron and Tyler Winklevoss
IRS To Extract $207 Billion From Small Businesses By Enforcing Obamacare
Obama in crossfire as battle for control of the Fed heats up
Coroner slams handling of Kendrick Johnson case
French foreign minister denies Swiss account 'rumour'
German Euro-Skeptic Party Gaining Ground
Fast food CEO: How govt regulation is driving us abroad
Feds seize $27K from couple, give $500 back for "humanitarian purposes"
3-year-old Japanese boy receives partial lung transplant from mother
Ireland votes to liquidate Anglo Irish Bank