Whether China's or Europe's plans will work is being debated, but investors across the globe showed their support for the plans. Markets in the U.S., Europe and Asia all rocketed higher, in some countries as jumping up as much as 4 percent, following Wednesday's announcements. It will still be a while before the actual affects of the new lending policies is felt; despite the initial euphoria in global markets, actual currency will not begin to flow out from banks for a few weeks, and the increased liquidity will not fully be felt until 2012.
- Places:
- China
Kyle A. Richardson is the editorial director of Promo Marketing. He joined the company in 2006 brings more than a decade of publishing, marketing and media experience to the magazine. If you see him, buy him a drink.