Now the question is being asked: Are we about to see a big, new wave of central bank easing?
SocGen economist Klaus Baader identified this question as the #1 thing on clients' minds right now.
In his note last night, he wrote:
...the ECB is not the only developed economy central bank that we suspect will move to an even more expansionary stance. Although the series of upside surprises in economic data releases in the US recently – such as PMI/ISMs, GDP, and crowned by Friday’s strong payrolls – has increased the risk of an earlier taper, we believe forward guidance could be used by the Fed to signal that policy will remain ultra-loose for considerably longer than currently indicated..."
at http://www.businessinsider.com/global-central-bank-easing-2013-11#ixzz2kMvI3Idd
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