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.
On an informal mission to read one book a week as long as the eyes allow for such ambition. Fiction or non is not important as long as it entertains and /or educates. To that end the past few weeks have brought a bounty in the form of some wonderful and then not so engaging literature. Among the notables are - Non fiction category: 1. Good arguments by Bo Seo (how to handle a dispute or debate the most efficient way possible) 2. Genesis by Eric Schmidt (and former US Secy of State Henry Kissinger, who recently passed) - how AI might affect our lives as we know it 3. One in a billion - Zarna Garg (an autobiographical look at an Indian born American woman with a bindi narrated in a standup format - yes it is at times cliched but still funny) Fiction: 1. Personal by Lee Child (a vigilante story with Jack Reacher the giant, nomad protagonist of Child's novels goes hunting for a sniper) 2. Ramayana unraveled by Ami Ganatra (she might disagree about it being a work of fiction but oh wel...
Easy Queue for bankruptcy?
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