BEFORE the Global Financial Crisis of 2007, the market was God and the master who made the belief possible, former Fed chairman Alan Greenspan, walked on water.
After the crisis shook belief in financial markets, the new high priests are the European Central Bank president Mario Draghi and Bank of Japan governor Haruhiko Kuroda. They are trying to convince markets that central banks can lift economies from deflation, if not with negative interest rates, but also helicopter money.
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