Sunday, November 22, 2009

Marketplace ... Too Much Money

Some economists are worried the world's central banks have created new asset bubbles by flooding the big financial institutions with cash. They fear the banks are back to their risky gambling habits in pursuit of the most attractive financial returns.

The plentiful cash has not just been pumping up Wall Street. Bloomberg News reports that several Asian countries are worried international investors might be artificially inflating their currencies.

In Shanghai, real-estate speculators are still building skyscrapers, even in the face of a 50 percent vacancy rate. Critics say it shows central banks around the world need to start putting the brakes on.

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