Global central banks are running ‘out of ammo’

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Central banks are pulling out all the stops to turn around the global economy.

They’re pumping money into their economies, creating negative interest rates and buying billions of dollars in bonds. Yet experts are worried some of these strategies will not be enough to turn around the slump in the world.

“Major central banks have run out of ammo,” says Ed Yardeni, chief investment strategist at Yardeni Research. Continue reading