In an age of popping bubbles, a doozy remains - the "central bank put." "Central banks are neck deep in extreme policy experimentation mode," writes Mohamed El-Erian, and market reaction to failure "will not be pleasant." Most think they can get out at the turn, an idea sounding better in theory than practice.
In an age of popping bubbles, a doozy remains - the "central bank put." "Central banks are neck...
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