Hedge funds vs. central bankers

This article from the Los Angeles Times Service, published Wednesday 21 June, asks what on earth is going on with world stock markets?

"The explanation is that hedge fund managers and central bankers - call them hedgies and bankies for short - do not think alike," Niall Ferguson, a professor of history at Harvard University, says.

"The grand panjandrum of the Federal Reserve, Chairman Ben S. Bernanke, has been learning the hard way that sometimes words can speak louder than actions," he says.


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