A view of the Federal Reserve building in Washington. In one of the most important shifts in investor sentiment since the 2008 financial crisis, the expectation of more monetary stimulus is no longer enough to lift stock markets. Photo: AFP A view of the Federal Reserve building in Washington. In one of the most important shifts in investor sentiment since the 2008 financial crisis, the expectation of more monetary stimulus is no longer enough to lift stock markets. Photo: AFP
A view of the Federal Reserve building in Washington. In one of the most important shifts in investor sentiment since the 2008 financial crisis, the expectation of more monetary stimulus is no longer enough to lift stock markets. Photo: AFP
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

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

  • In Europe and America, central bankers are divided over the need for loose monetary policy. More importantly, market regard for their ability to boost a flagging economy has fallen dramatically, undermining the effectiveness of such policies

Nicholas Spiro
Nicholas Spiro

Updated: 4:11am, 11 Oct, 2019

Why you can trust SCMP
A view of the Federal Reserve building in Washington. In one of the most important shifts in investor sentiment since the 2008 financial crisis, the expectation of more monetary stimulus is no longer enough to lift stock markets. Photo: AFP A view of the Federal Reserve building in Washington. In one of the most important shifts in investor sentiment since the 2008 financial crisis, the expectation of more monetary stimulus is no longer enough to lift stock markets. Photo: AFP
A view of the Federal Reserve building in Washington. In one of the most important shifts in investor sentiment since the 2008 financial crisis, the expectation of more monetary stimulus is no longer enough to lift stock markets. Photo: AFP
READ FULL ARTICLE
Nicholas Spiro

Nicholas Spiro

Nicholas Spiro is a partner at Lauressa Advisory, a specialist London-based real estate and macroeconomic advisory firm. He is an expert on advanced and emerging economies and a regular commentator on financial and macro-political developments.