Lower Rates Push Yield Seekers to Higher Risk
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Jan. 30 (Bloomberg) -- In recent years, a grand disconnecthas opened between economies around the world, which are growinganemically if at all, and the bullishness of investors who onlycare that central banks are willing to continue shoveling outliquidity.
“Don’t fight the Fed” is the rallying cry, especially amongequity bulls. And for 2012, at least the latter part, they wereright. Almost every major stock market rose: in the U.S., U.K.,Europe -- even Greece -- Japan, China, Australia and Canada.