Easy-Money Wave Sweeping the Globe (Bloomberg)
Canada joined Norway and Sweden in dropping talk about easing their own monetary status and about raising interest rates. This reinforcement of a loose money policy comes on the heels of the U.S. Federal Reserve refusing to taper its quantitative-easing (QE) spending. In emerging markets, countries from Hungary to Chile are cutting borrowing costs to make obtaining funds easier as well. According to Joachim Fels, co-chief global economist at Morgan Stanley, ‚??We are at the cusp of another round of global monetary easing.‚?Ě The continuation of easy money in countries around the world is in response to another slowing of global growth. But is it enough to convince investors to contribute more into global equity markets? What‚??s your response?
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