| A growing number of investors and policy makers, seeing central banks as powerless to revive an anemic global economy, are championing a resurgence of fiscal spending.
A move away from central-bank-led policy, and toward the use of the government’s taxing-and-spending power to revive growth, would end a years-long economic era and could cause upheaval in financial markets. Investors, among them bond king Bill Gross, once feared that government profligacy was a death knell for sovereign bonds........................................Full Article: Source
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