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Central banks might be losing their luster. The world’s biggest central banks went to great lengths to calm global markets in recent weeks, but one expert said that may not be enough to keep these volatile markets stable. ‘We’ve been in various forms of quantitative easing since 2009,’ said Simon Smith, chief economist at FxPro in London. ‘Hoping that central banks are going to prop up markets is becoming harder and harder as asset prices become more misaligned as well.’ After the worst January for stocks since 2009, investors kicked off the month of February with fresh worries about China, as new data showed a continuing decline in the manufacturing sector of the world’s second largest economy. TheStreet’s Scott Gamm has details from Wall Street. Subscribe to TheStreetTV on YouTube: http://t.st/TheStreetTV For more content from TheStreet visit: http://thestreet.com Check out all our videos: http://youtube.com/user/TheStreetTV Follow TheStreet on Twitter: http://twitter.com/thestreet Like TheStreet on Facebook: http://facebook.com/TheStreet Follow TheStreet on LinkedIn: http://linkedin.com/company/theStreet Follow TheStreet on Google+: http://plus.google.com/+TheStreet