Friday, September 14, 2012

Are Rescue Efforts Too Late To Prevent A Global Recession?

Central banks have been slow and reluctant to come to the rescue of accelerating global economic slowdowns. The U.S. stock market is at multi-year highs, which could have one think its economy is booming. So it's not just that central banks are behind the curve of a threatening global recession, but that markets may be well ahead of not only the central banks, but economic prospects.

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