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Post by avordvet on Jan 21, 2015 5:26:16 GMT -5
Central bank prophet fears QE warfare pushing world financial system out of controlFormer BIS chief economist warns that QE in Europe is doomed to failure and may draw the region into deeper difficulties By Ambrose Evans-Pritchard, 6:48PM GMT 20 Jan 2015 The economic prophet who foresaw the Lehman crisis with uncanny accuracy is even more worried about the world's financial system going into 2015. Beggar-thy-neighbour devaluations are spreading to every region. All the major central banks are stoking asset bubbles deliberately to put off the day of reckoning. This time emerging markets have been drawn into the quagmire as well, corrupted by the leakage from quantitative easing (QE) in the West. "We are in a world that is dangerously unanchored," www.telegraph.co.uk/finance/economics/11358316/Central-bank-prophet-fears-QE-warfare-pushing-world-financial-system-out-of-control.html
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