QE can mean many things to many people. Mostly in today's context it has nothing to do with the Queen or the mighty ship that sailed the Atlantic. It is an economic term to qualify mumbo jumbo that large governments use to manipulate money supply.
However, the QuEasy factor can be introduced both on the ship as with the monetary waves.
That right there is more mumbo than the largest jumbo can handle. When faced with sluggish economies that are over their head in debt and people are not spending (because they are in debt) the central bank uses what it calls levers at its disposal (wonder why anyone will use something that is disposed) to put the nitrous in the engine. Sort of a turbo boost.
It starts buying long term securities and bonds by printing money. Artifically creating a large money supply drives cost of borrowing down and is assumed to juice growth.
Still not clear what the Easing is and how Quantitative it gets. Especially when other broke nations are talking about tightening. Fed up with this nonsense its time for the governments to Belt Out a new tune.
This autumn the weather gods cooperated as we took a family trip in the northeast to see six states that qualify or makeup what is known colloquially in America as New England. Mass, Maine, Vermont, New Hampshire, Connecticut and Rhode Island (tiniest state in the union). The outing helped tally up the states we either lived in, visited or have worked in to 47. Guess which three have eluded this intrepid traveling family. Any rate the drive was all in about 1,800 miles and included some memorable geographic wonders or points of interest. Easternmost part of state of Massachusetts being one. Furthest drivable road east in Mass being another. Visit to all Ivy League schools (term harkens to a collegiate athletics conference and generally regarded as elite academic institutes of some repute worldwide) is another random bucket list item of which this trip afforded the chance to knock two more of the list. Dartmouth in Hanover, NH and Brown (and its sister institute the RISD - school f
Easy Queue for bankruptcy?
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