Like diamonds, bond purchases are forever..
Today’s QE relies on pushing down borrowing costs. It is “creditism”. That is a very blunt tool in a deleveraging bust when nobody wants to borrow. via Like diamonds, bond purchases are forever...
View ArticleLike diamonds, bond purchases are forever..
Today’s QE relies on pushing down borrowing costs. It is “creditism”. That is a very blunt tool in a deleveraging bust when nobody wants to borrow. via Like diamonds, bond purchases are forever...
View ArticleEurope to follow Japan’s Abeconomics?
Budding growth in the Japanese economy, just as a recession in Europe digs in, is renewing pressure on European policymakers to shift course from austerity to stimulus via Europe to follow Japan’s...
View ArticleVictorious Draghi?
The rebound in eurozone economic performance, financial markets and the slide in the euro suggests that the ECB has managed to get the eurozone out of the deflationary rot. However, the picture is...
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