The "Gnomes of Zürich" Created a Financial Nightmare
January 17, 2015 at 14:10 PM EST
On Halloween, the Bank of Japan unleashed a massive quantitative easing program that included the purchase of bonds, stocks and ETFs in a desperate attempt to revive the terminally ill Japanese economy. This coincided with the end of the Federal Reserve's third round of QE in October. At that point, the world entered the terminal […] The post The "Gnomes of Zürich" Created a Financial Nightmare appeared first on Money Morning - Only the News You Can Profit From .
