Risky bank business will end badly

ANZ Bank is leading the financial sector towards a period of greater risk in business lending. And it's happening as debt practices in China, the US and Europe grow increasingly precarious.

It became clear at the weekend that the current flood of global liquidity being engineered by central banks in the US, China, Japan and Europe is going to have an unhappy ending.

And because the ending is now almost certain to be painful the central bankers are likely to keep pumping money into their economies for longer than is generally expected.


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