Central Bankers Crank Up the Printing Presses: There seems to be no end to the amount of money that the world’s central bankers are willing to print. Since the onset of the global financial crisis in 2007, the US Federal Reserve, the European Central Bank, and the Bank of Japan alone have more than doubled the combined size of their balance sheets, expanding them by a total of $4.7 trillion. In April, the Bank of Japan took the unprecedented step of announcing that it aims to double its own balance sheet by the end of 2014. The central bankers are hoping this added liquidity will stimulate the global economy – but at what cost? Is inflation on its way? Are the central bankers blowing up more asset bubbles that are primed to pop?
Posted on: Tue, 11 Jun 2013 17:11:50 +0000
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