Central Banks Prepare Another Bubble-and-Bust Cycle

July 2, 2013

Central Banks Prepare Another Bubble-and-Bust Cycle

Snip "Again, I blame the central banks.

To go along with low interest rates, institutions from the Federal Reserve to the European Central Bank to the Bank of Japan have flooded the markets with liquidity, a policy collectively known as quantitative easing.

The Fed is now on its third round of QE, buying $85 billion a month in