VodkaPundit

Might as Well Face it You're Addicted to Stimulus

Reuters:

The dollar sank below 100 yen and global shares fell on Wednesday, as modest additions to Japan’s growth strategy and renewed concerns of a cut in U.S. stimulus efforts hit demand for riskier assets.

With markets dominated by speculation on when the Federal Reserve will taper its bond-buying program, there was little reaction to data showing euro zone business activity eased slightly in May, and confirming the region’s economy contracted in the first quarter.

Just one more hit and I’ll quit, I promise.