The markets are aware that too much free or nearly free money is going to cause trouble. Japan's equity indices saw it first-hand this week when their main stock market fell -7.9% in one session. All one has to do is look at our central banks ? they seem to be single-mindedly focusing on Consumer Purchasing Indexes and jobs while totally disregarding the by-product of quantitative easing: asset inflation. Further complicating matters for traders, it?s of little help when a central bank like the ...
The markets are aware that too much free or nearly free money is going to cause trouble. Japan's equity indices saw it first-hand this week when their main stock market fell -7.9% in one session. All one has to do is look at our central banks ? they seem to be single-mindedly focusing on Consumer Purchasing Indexes and jobs while totally disregarding the by-product of quantitative easing: asset inflation. Further complicating matters for traders, it?s of little help when a central bank like the ...
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