Sunday, April 03, 2011

From unity to disunity in global economics

From the start of the crisis in 2007 to the present, the tendency has been for the world's central banks to move in sync with each other. Other things may have diverged but central bank policy converged.

That may be about to change. If you don't have much time, read at least the first 4 paras of the following:

If central banks feel comfortable enough about the global economy to now follow divergent policies, that should result in a boom in equities - so gold and other defensive assets should fall.

Buy cheap, sell high. Sphere: Related Content

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