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Investors’ loss of confidence in monetary easing comes at a worrying time for the world economy

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There was a time not so long ago when the world’s leading central bankers were perceived by investors and traders as masters of the universe. Not only did they rescue the global economy from the biggest financial crisis since the Great Depression, they managed to get banks lending again and, by flooding the world with cheap money, were responsible for a dramatic and sustained recovery in asset prices.Yet, over the past couple of years, investors’ confidence in the major central banks’ ability…

Source: South China Morning Post