The central bank rally

Because monetary policy remains very loose, the stock markets are always celebrating new records. Woe to the central bankers if they change their minds.

This commentary is from the column “Mayers Weltwirtschaft” (Mayer’s World Economy) which was published in the FAS (Frankfurter Allgemeine Sonntagszeitung) and is available online at www.faz.net (in German only).