India’s Central Bank Governor: “International Monetary Cooperation Has Broken Down”

Friday, January 31, 2014
By Paul Martin

by Tyler Durden
ZeroHedge.com
01/30/2014

Hinting that the worst is yet to come, was none other than India’s Central Bank governor Raghuram Rajan himself, who yesterday in an interview in Mumbai with Bloomberg TV India, said that “international monetary cooperation has broken down.” Of course, when the Fed was monetizing $85 billion each and every month and stocks could only go up, nobody had a complaint about any cooperation, be it monetary or international. However, a 4% drop in the S&P from its all time high… and everyone begins to panic.

The Rest…HERE

Leave a Reply