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Not All QE Is Created Equal as U.S. Outpunches ECB-BOJ

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It turns out not all quantitative easing is created equal.

New stimulus measures at the Bank of Japan and European Central Bank may lack the global punch of the U.S. Federal Reserve, which last week ended its third round of quantitative easing. So investors should pay more attention to the source of the extra cash sloshing around the financial system than to the amounts.