Central Bankers Weaving
A Tangled Web
"Emerging markets such as Brazil, India and Turkey outbreak of the jitters, and it's hard to see a happy outcome .. Oh what a tangled web central bankers weave, when first they practice to deceive. As was always predictable, exiting the "quantitative easing" the Federal Reserve, the Bank of England and others launched in the wake of the credit crunch to support failing banking systems and collapsing demand is proving an exceptionally tricky business. It threatens almost as many problems for the world economy as the original money-printing was trying to solve. There is no mess quite so bad, it might be said, that central bank intervention doesn't make worse."
- Jeremy Warner, The Telegraph
LINK HERE to the essay
No comments:
Post a Comment