Central Banks Causing a Huge New Panic….Again

Posted by Bank For International Settlements - via Business Insider

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World’s oldest global finance organization thinks central banks could be causing a crisis all over again

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“We argue that the current malaise may to a considerable extent reflect a failure to come to grips with how financial developments interact with output and inflation in a globalised economy. For some time now, policies have proved ineffective in preventing the build-up and collapse of hugely damaging financial imbalances, whether in advanced or in emerging market economies (EMEs). These have left long-lasting scars in the economic tissue, as they have sapped productivity and misallocated real resources across sectors and over time.” – From the Bank For International Settlements report:

…read more HERE