Can Central Banks Still Prevent A Global Recession?
Economic slowdowns worsened even as markets spiked-up in a rally since June fueled entirely by hope, a rally that already factored in much of what can be hoped for from the belated and in some cases still absent rescue efforts, a rally that has the market at multi-year highs, a feat usually accomplished only in times of booming economic conditions.
So, it?s not just that central banks are behind the curve, but that markets may be well ahead of not only the central banks, but economic prospects.
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