SINGAPORE (Oct 15): A decade since the global financial crisis (GFC), the US equity market is trading at new highs. But some analysts are anticipating a correction driven by the monetary policy tools implemented in the wake of the crisis. In a way, the ultra-loose policies encouraged risk-taking. Easy money, quantitative easing and very low interest rates have led to asset inflation. Meanwhile, the bulk of the liquidity flowed into the equity and debt markets.

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