Published by Maarten Spek
on Apr 12, 2013
In all likelihood, as soon as central banks stop creating money, artificially boosted asset prices will nosedive, even if economic growth is picking up. Once that happens, the fundamental weaknesses of today’s economies (especially in the weak EMU countries) will immediately come to light. This is exactly what Mrs. Merkel is afraid of.
We can describe the current situation as follows....