Analysis:
Surfing central banks in a benign ‘QE trap’
(Reuters) – The message is sinking in –
economies of the rich world face super-easy money far into the future
and central banks are now convinced it’s the least of all policy
evils.
Despite rumblings of dissent about the
financial bubbles and iniquities associated with zero interest rates
and money printing, 2013 is ending with a remarkable certainty among
global investors that cheap money is around for the long haul.
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