A trader on the floor of the New York Stock Exchange. Central banks may be exacerbating market vulnerabilities by increasing the scope for disorderly sell-offs when the time comes to unwind the stimulus. Photo: AP
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

Coronavirus stimulus is needed now, despite the risk to the post-pandemic financial landscape

  • The Federal Reserve has made a momentous decision to purchase the debt of companies, including the bonds of junk-rated firms. Such aggressive stimulus measures are shoring up asset prices, but storing up trouble for the financial system
A trader on the floor of the New York Stock Exchange. Central banks may be exacerbating market vulnerabilities by increasing the scope for disorderly sell-offs when the time comes to unwind the stimulus. Photo: AP
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