Economics
No Happy Ending for Investors in Central Bank Fairy Tale
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You know it’s a special moment in the financial markets when analysts ditch the jargon and reach for artistic references.
Ed Yardeni cited “The Wizard of Oz.” International Monetary Fund Managing Director Christine Lagarde went with both “Alice in Wonderland” and Harry Potter. Stephen King -- the HSBC Holdings Plc chief economist, not the author -- trolled the fantasy aisle.