Feasting on Ben & Draghi's
Ben & Draghi’s tempting treats should come with a statutory warning against overindulgence. The “Ben” in question is US Federal Reserve Chairman Ben Bernanke. He’s keeping alive expectations of more quantitative easing. The “Draghi” is European Central Bank (ECB) President Mario Draghi, who is under pressure to create more liquidity now that the euro 1 trillion of three-year, one per cent loans he gifted banks in the single-currency area are beginning to look like dog-eared trinkets from last year’s Christmas. It’s a delicious dessert, Ben & Draghi’s. Gorging on it, though, can be risky because there is no certainty about how long the cheap-money bonanza will continue to freely flow.