CORPORATE FINANCING NEWS: FOREIGN EXCHANGE By Gordon Platt A favorable ruling by Germany's constitutional court on the legitimacy of the eurozone's permanent bailout fund, and coordinated
easing by global central banks are both needed to ease concerns about Europe's debt...
Not exact matches
What is viewed as «underinvestment» in stocks is actually a symptom of a rise in the gross indebtedness of the
global economy, enabled and encouraged
by quantitative
easing of
central banks, which have been successful in suppressing all apparent costs of that releveraging.
Upturn in Sentiment Buoys Some Emerging - Market Risk Assets There has been a welcome stabilization in
global financial markets in recent weeks, which has been helped
by indications from the European
Central Bank (ECB) that it stood ready to expand its quantitative
easing (QE) program, the possibility that the
Bank of Japan (BOJ) might do the same, and a decision
by the People's
Bank of China (PBOC) to further cut interest rates and relax reserve requirements.
The convergence of Japan's P / E multiple to more
global norms is therefore partly a function of convergence of
global interest rates to similar extremely low levels through synchronized quantitative
easing by central banks.
From a recent interview with Bill Gross, manager of the Janus
Global Unconstrained Bond fund: Years of
easing by central banks mean that interest rates in most of the developed world will fluctuate narrowly.