Even the severest critics of Mishkin's and King's laid-back approach to the current buying spree accept that some recovery in asset prices - of perhaps 20% - has been justified.
By squeezing the yield on American assets, the Fed’s buying spree will only swell the tide of capital flowing elsewhere.
China's imports of iron ore in 2009 rose by more than 40 percent, a buying spree economists say was driven in part by efforts to stockpile supplies while global prices are low.
The deal may signal the start of a smart-grid buying spree for cash-equipped conglomerates like Toshiba eager to tap the vast capital outlays expected from electric utilities over the next decade.
The logic of its buying spree (and thejustification for the risky debt) was that Tata could not confine itself toIndia; it needed to be big and international to thrive in its chosenbusinesses.
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