Jonathan Tepper of Variant Perception spoke with CNBC today about the state of central banks and what their aims will be to combat the threat of a double dip.
- 0:40 Central banks prefer inflation over deflation, and will expand their balance sheets, engaging in more quantitative easing.
- 1:15 The Fed has brought down mortgage rates and the Bank of England is buying corporate bonds.
- 1:50 There will be more excess liquidity as a result, more money will flow abroad, and inflate emerging market economies, notably in Asia. This could create more bubbles there.
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