Financial Markets Love it -- Coordinated Monetary Policy Failure

The latest helicopter drop plans announced by Ben & Co., the explicit, yet conditional, bond-buying pronouncement from Super Mario of European Central Bank fame, and the news bank lending is on the rise again in China has triggered yet another round of financial market euphoria.  Too bad the real economy; that place where most of the world works and lives and forages for sustenance, won't experience the same level of joy fund managers and traders-on the right side of this liquidity induced move-are now feeling.  

Currency Currents 15 September 2012