If they couldn't charge extortionate interest on cheap money
, where were the vampires feed next?
Deutsche Bank chief executive John Cryan has called on the European Central Bank to change course on providing cheap money
, warning he sees price bubbles in stocks, bonds and property.
Global Banking News-September 6, 2017--Deutsche Bank head calls on ECB to halt cheap money
And a decade after this economic heart attack we are still on the life-support of ultra cheap money
By Lukman Otunuga, Research Analyst at FXTM The well-orchestrated hawkish remarks by a chorus of central bank heavyweights this week have punished global stocks with speculation mounting over whether the era of cheap money
is soon coming to an end.
The policy of seemingly endless supplies of cheap money
may well be judged a success in bringing economies back to life (time will tell), but the feeding frenzy for borrowing encouraged by near-zero rates has brought us close to the brink of another crisis.
Dubai: Liquidity fuelled by cheap money
policies of central banks, low oil prices and lust for growth and yield are driving up the upside of risk assets as investors continue to take risks under the assumption that it could take central banks longer to tighten, according to market analysts.
R3 Midlands chairman Chris Radford, a partner at Gateley in Birmingham, said: "The continued availability of cheap money
and low levels of wage growth have contributed to a substantial proportion of people owing sizeable amounts of money.
Central banks are supposed to make themselves unpopular; as one chairman of the US Federal Reserve famously put it, they have to take away the punchbowl of cheap money
just as the party is starting.
Many analysts think the Fed's decade of cheap money
has goosed the stock market in the last few years.
It is now generally accepted, however, that the Fed's cheap money
policy has done little to help the real economy, but instead created asset bubbles.
The sweet poison of cheap money
stands in the way of reforms and numbs investors' risk awareness.