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Further monetary stimulus risks woeful asset returns

Central banks are running out of road. If governments ask them to continue down the path of previously unthinkable monetary policy without implementing fiscal policies of their own, there are likely to be severe unintended consequences for the global economy, according to Standard Life Investments' Andrew Milligan.

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Read more: USStandard Life InvestmentsAndrew MilliganBill GrossMilton Friedman