While the Bank of Japan is engaging in expansionary monetary - TopicsExpress

While the Bank of Japan is engaging in expansionary monetary policy and the ECB probably will in early 2015, the Bank of England will likely raise rates by 4/15 with the Fed following soon thereafter. While this monetary policy divergence reduces global growth, it keeps commodity inflation down and reduces the chances of a massive global recession as it dramatically decreases the likelihood of every economy sinking simultaneously. Elliot F. Eisenberg, Ph.D.

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