Monday, 10 August 2009

Does the Bank of England know something the rest of us don't?

Independent
"Arguably, the reason we are seeing green shoots is precisely because a crumbling international banking system has, in effect, been replaced by the activities and efforts of central banks. Should they walk away, fledgling recoveries might curl up and die.If, therefore, central banks know something which markets don't, it's the extent to which the central banks themselves are keeping our economic system on life support."

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