Within the next few months, I expect a coordinated action by multiple central banks including the Federal Reserve, European Central Bank, Bank of Japan, and others. If this happens, trillions would be added to the global money supply. Europeans are entitled to their month long vacations in August so I don’t expect much to happen until after they return from their “holiday”.
Additional injections into the global economy do not address the underlying problem- too much debt. Who will be left holding the bag: Banks, governments, or the population? Each group will attempt to place the monkey on someone else’s back.