Quantitative easing: the markets are struggling with a serious drug habit

2013-02-25 — guardian.co.uk

Financial markets have become stimulus junkies. They crave their next fix of quantitative easing and when they don't get it they turn ugly. The rush they get from the drug wears off after a while, and then they become needy and whiny. Witness last week's sell-off on Wall Street following the hint from the Federal Reserve that it was about to cut off the drug supply.

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