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Hopefully, 2015 will not be the year of The Great Payback

Wednesday, December 31, 2014 - 05:50

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From 2007 until 2013, equity markets were said to have been buoyed by a "Great Flotation", pushed higher by the tidal wave of liquidity unleased by the US Federal Reserve under various guises that started with TARP (Troubled Asset Relief Programme) and ended with QE3 (quantitative easing).

FROM 2007 until 2013, equity markets were said to have been buoyed by a "Great Flotation", pushed higher by the tidal wave of liquidity unleased by the US Federal Reserve under various guises that started with TARP (Troubled Asset Relief Programme) and ended with QE3 (quantitative easing).

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