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Global Central Banks Warn of Market Disconnect with World Economy

A consortium of the world's central banks has concluded that rising global corporate stock values are at odds with a world economy that is still not fully recovered from the depths of the downturn of six years ago. In its annual report, the Swiss-based Bank for International Settlements said "it is hard to avoid the sense of a puzzling disconnect" between near-record stock indexes in New York, London and Frankfurt and elsewhere around the world even as economic trends are...

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