Bank of England Will Have No Choice but to Act Like Dracula

U.K. Prime Minister Theresa May's Conservative Party looks set to win the June 8 general election, which she triggered to strengthen her power base in parliament ahead of the Brexit negotiations with the European Union. But her party's manifesto, released on Thursday, indicates that the Bank of England most likely will need to rescue the British economy again.

Albert Edwards, the renowned bearish analyst from Societe Generale, wrote in a research note on Thursday that "despite presiding over the biggest economic and financial crisis since the Great Depression, most central banks have shown the humility of Dracula" as "they have turned the global economy into the economic equivalent of a living death."...581 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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