The Undollar Digest

The Unprecedented Behaviour of the Central Banks

Gavyn Davies, Financial Times 01/08/2012 blogs.ft.com/gavyndavies

In economic policy nowadays, the unthinkable suddenly becomes the inevitable, without pausing for long in the realm of the improbable…Nowhere has this been more true than in central banking, where the recent huge expansion in the size of balance sheets would have seemed inconceivable as recently as 4 years ago.
Markets have not only accepted this [...]


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