No Stock Shock as Central Bank Holdings Keep Ballooning
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For all the talk of central bankers hitting the brakes, their policies will keep inflating their balance sheets -- sustaining support for global equities.
As the Federal Reserve prepares to end its third round of bond-buying as soon as October, the combined accounts of the central banks in the U.S., Japan and euro area could still swell another 20 percent in dollar terms by the end of 2015, according to Cornerstone Macro LP, an investment-research company in Washington.