Mid Term

In China, Japan, and the EuroZone central bank policies are headed back for a re-tooling

The People’s Bank of China, the European Central Bank, and the Bank of Japan just can’t get their economies growing fast enough to produce a sustained recovery that would let them step back from using the printing press to stimulate the economy. Only the U.S. Federal Reserve might have built strong enough growth so that it can start to reduce its intervention in the economy—but that still remains an open question.