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While the U.S. Federal Reserve has begun to reverse its easy money policies, other central banks around the world increasingly see such policies as an economic elixir.
And that will serve as fuel for the world's stock markets, says Money Morning Chief Investment Strategist Keith Fitz-Gerald.
As other central banks start using those same policies, the advantage is lost – unless they ramp up the easing even more. And all that new money will flow directly to the stock markets.