Thursday, October 26, 2006
More IR warnings
Jeremy Warner's Outlook: Excess liquidity keeps stock markets riding high, but what happens when it's withdrawn?
Periods of economic expansion rarely die of old age; instead, they are killed off by the anti-inflationary actions of central bankers. That threat has by no means gone away. Indeed, it may be more potent now than it was when these fears last got the upper hand back in May.