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BBB recovery keeps central banks in play

There is a good chance that this economic expansion could become one of the longest since we can track a global cycle.
Wednesday, November 12, 2014 - 05:50
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Despite the occasional blip, the combination of super-low interest rates and a slower but longer economic expansion suggests that equity markets should continue to grind higher for a while yet.

THE global economy is now in the sixth year of a bumpy, below-par and brittle (BBB) recovery from the Great Recession. With inflation running below target in most major economies, and central banks thus continuing to provide ample accommodation, this expansion may well become one of the longest