The Fed fuels investors' sweet dreams, but for how long?

By Tony Crescenzi - PIMCO

Money printing and the Fed’s magic dust for years helped keep the risks from this debt explosion confined to a dream world until the 2008 financial crisis made it apparent that easy money was partly to blame. ‚ÄčToday, central bankers are acting mightily to manage the inherently unstable financial system, taking mammoth actions designed to boost asset prices and encourage lending, all the while hoping to keep households, businesses and investors dreaming and distracted from the monumental issues related to the financial system’s architecture.

Read more here: Business Spectator


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