Easy money era endures even as central banks unwind stimulus

Bloomberg/Enda Curran, Alesaandro Speciale and Rich Miller/6-17-2018

“Don’t declare the end of easy money just yet. Major central banks took significant steps last week toward dismantling the emergency stimulus they’d used to lubricate financial markets and escape recession in the decade since the financial crisis. But most are clear that they’re not ready to get out of the business of supporting their economies.”

USAGOLD note:  If market appear confused by all this, it is not difficult to understand why.

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