This greater clarity is the result of European Central Bank actions under Mario Draghi, the preliminary agreement in the US to avert the fiscal cliff, signs of recovery in the US housing sector, the improving prospects of Japan after the recent presidential win of Shinzo Abe, and the stimulative action of central banks worldwide. (gfmag.com)
He says the actions of central banks «attempting to spark economic growth» are «severely punishing the world's savers and creating incentives to reach for yield, pushing investors into less liquid asset classes and increased levels of risk, with potentially dangerous financial and economic consequences.» (fortune.com)
The panel called for governments around the world to step forward and take more bold and innovative leadership roles, to complement the actions of the central banks. (businessinsider.com)