This article has astonishing insight on current thinking at the higest level of central bank policy discussion. Very clearly there is growing awareness that over the last 5 years their policies have not provided anything close to a durable economic resolution and now there is very limited room for manoeuvre.
http://d21uq3hx4esec9.cloudfront.net/uploads/pdf/140426_TFTF2.pdf
The Cost Of Code Red
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