BIS central bank warns against 'illusion of permanent liquidity'

``Loose monetary policies have created an "illusion of permanent liquidity" that is spurring investors to make risky bets and push up asset prices, the Bank for International Settlements said Sunday... Borio said that markets have shown "exceptionally subdued volatility" at levels similar to before the financial crisis in recent months, which could be "a sign of high risk-taking".''