Economics
Everything’s a Buy as Central Banks Keep on Greasing Markets
- Risk assets rallying even as global growth outlook worsens
- Markets are driven by central bank liqudity, Commerzbank says
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Misery is making strange bedfellows in global markets.
At a time when risky assets including stocks, commodities, junk bonds and
emerging-market currencies are rallying to multi-month highs, so are the havens, from gold, government bonds to the Swiss franc and the Japanese yen.