Now, as individual Central Banks race to save their own casinos at the expense of all the others, this will be an important world lesson in what happens when self-interest self-destructs...
No one has the courage to tell them, it can't work: ZIRP, NIRP, QE, PSPP, CSPP, CNBS, BTFD, BTFATH...
"Now you see, this is a very special amplifier..."
Some dunce actually wrote this on Wikipedia:
QE is a very different form of money creation than it is commonly understood when talking about "money printing". Indeed, the term printing money usually implies that newly created money is used to directly finance government deficits or pay off government debt. However, with QE, the newly created money is directly used to buy government bonds or other financial assets.
"When you need that extra push over the cliff, where can you go? To 11, exactly"
Never Go FULL RETARD
Deflation with Deutsche Bank. Two things that go down great together...
"Now you see, this is a very special amplifier..."
Some dunce actually wrote this on Wikipedia:
QE is a very different form of money creation than it is commonly understood when talking about "money printing". Indeed, the term printing money usually implies that newly created money is used to directly finance government deficits or pay off government debt. However, with QE, the newly created money is directly used to buy government bonds or other financial assets.
"When you need that extra push over the cliff, where can you go? To 11, exactly"
Never Go FULL RETARD
Deflation with Deutsche Bank. Two things that go down great together...
