Noland warns: “We’ve never had such a synchronized global bubble in sovereign debt markets and equity markets, and we’ve never seen such concerted central bank policies.
It’s almost like one global monetary policy, and I would also argue that the global system was much closer to a serious crisis this past summer than most appreciate; then we had the Draghi plan and then Mr. Bernanke with open-ended quantitative easing. So, from my standpoint, we’ve been in desperate policy measures since last summer.”
Read the complete article at Financial Sense here.
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