With the global economy «floating on an ocean of credit,» the current acceleration of credit
via central bank policies will likely produce a positive rate of real economic growth this year for most developed countries, PIMCO chief Bill Gross writes in his latest monthly commentary, but «the structural distortions brought about by zero bound interest rates will limit that growth and induce serious risks in future years.»
After all, the cornerstone of coordinated
central -
bank policy since 2008 has been the levitation of financial assets via Zero Interest - Rate Policy (ZIRP) and Quantitative Easing (QE) by forcing investors into risky a
policy since 2008 has been the levitation of financial assets
via Zero Interest - Rate
Policy (ZIRP) and Quantitative Easing (QE) by forcing investors into risky a
Policy (ZIRP) and Quantitative Easing (QE) by forcing investors into risky assets.