Asian money market rates dropped after South Korea unveiled the region's largest bank rescue and Hong Kong and Australia pumped cash into the financial system. (Bloomberg)
Money is being printed aggressively around the globe. The financial intervention is so intense and widespread that it will eventually cause the desired effects in the near term...and another bubble in the long term.
More, much more when you subscribe to The Peter Dag Portfolio by going to https://www.peterdag.com/.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
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