East Money not so easy afterall? (Currency Currents - Black Swan Capital)

Demand elusivity.

Keynesian economics are known for encouraging government and public sector involvement to help smooth out rough patches in the business cycle. In the wake of the 2008 financial crisis, central bankers and global policy-makers adopted a Keynesian tilt in their responses. As demand dried up and deleveraging ensued, one kneejerk reaction was to shore up global demand through easy money et al. While the following two years showed that policy-makers perhaps succeeded in stabilizing market sentiment and loosening up frozen credit markets, their efforts have not done a whole lot toward the ultimate goal of revitalizing demand. Demand became somewhat elusive ...    Currency Currents 18 May 2011