Will Central Banks Rescue Investors This Time?

For a third straight year, financial markets are heading toward summer in a panic that Europe's debt woes could lead to a fresh financial crisis and U.S. recession, the WSJ reports.  And debate is growing among investors about whether they can count on central banks to rescue them again.

Just as in 2010 and 2011, stocks turned down heavily in May on European debt worries. The declines accelerated last week as soft U.S. job creation and manufacturing data prompted fears that the U.S. economy, which had seemed a bastion in the face of European weakness, is losing steam…..

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