Hear what Saxo Bank's Chief Economist Steen Jakobsen says about the outlook for the second quarter of 2012. Saxo Bank's theme for its Q2 Outlook is: “The great balancing act”, which is defined as the reaction function to the massive compounding of policy errors (printing money as the answer to everything). While central banks have managed to keep crises at bay for now and even helped to engineer a recovery in the case of the US, their policies continue to inflict harm.

For more comments by Steen Jakobsen see his blog Steen's Chronicle on TradingFloor.com