Bernanke and Draghi's market bondage

Despite Ben Bernanke's scepticism over QE3, markets are already pricing it in. Meanwhile, the ECB's Mario Draghi is under similar pressure to intervene in Europe's crisis, in spite of his own reservations.

Financial markets experienced a fleeting bout of optimism overnight, as investors reassured themselves that the outlook has become so bleak that global central banks will be forced into providing some relief.

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