Central Bank Uber-Propping Problems 101 [I posted the American part of this before, but I want to show everyone that I am word-wise, uh world-wise, uh, whatever.] A European Expert’s View: The “ongoing deterioration” in the emerging markets is the main theme. Emerging market debt has been a great investment through the beginning of the year, and was set to remain so as long as the global glut of cheap money continued from the world’s central banks. However, the past few weeks have seen investors become concerned that the Fed will ‘taper’ their asset purchase plan soon, the Bank of Japan may have already failed in its attempt to support the Japanese economy and the ECB’s (European Central Bank’s) ‘whatever it takes’ mentality has fallen by the wayside.” ----------------------- An American Expert’s View: “We’re trying to figure out how to stay onboard as long as possible, BUT avoid being with all the Ralph Kramdens of the world, who will be trying to get out of the same porthole when the ship is going down.” [Ralph Kramden was played by Jackie Gleason on “The Honeymooners” TV show. The bombastic, histrionic Kramden came up with one harebrained scheme after another, and they all inevitably wound up in the crapper!] ---------------------------- Al, The Plumber of the Depths of Lunacy!
Posted on: Wed, 12 Jun 2013 01:57:03 +0000
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