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Global Central Banks: A Bridge to Nowhere
Pinnacle Digest writes:
The term 'bridge to nowhere' was first used in the financial sense to mock Japan's efforts to stimulate its economy in the 90s. We all know how that played out as Japan lost not only that decade, but the one following it. Japan to this day has the largest debt to GDP ratio of any developed nation. A reader has to ask: What have we learned?
Adrian Ash examines what the global central banks have learned if anything 4 years and $5 trillion dollars later.
Time in inevitably running out on central banks as debt continues to pile up and economies continue to lag amidst record accomodative monetary policies.
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