| Global policymakers are digging themselves into a very deep hole with few viable exit plans. Growing turmoil on financial markets and deepening world economic gloom is leading policymakers to turn to desperate measures to beat the downturn.
Pumping the global economy with huge infusions of quantitative easing money and driving interest rates into negative territory are proving less effective in stopping the rot. The worry is the world’s central banks and governments are being tempted into competitive currency devaluation as a last resort to reboot faster growth...............................................Full Article: Source
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