Central bankers are completely insane. My sense is that central banks are unlikely to tighten because they’re in such deep shit already and they will continue to print.
What the central banks in emerging economies missed is that they should have slowed down their economies and credit growth two years ago and taken some pain. Basically central bankers are Keynesian, they believe in intervention but what they never do is cool down the system.
via http://www.smh.com.au/business/markets/central-banks-vs-the-real-economy-20140205-321mn.html
