Saturday 2 November 2013

The Fed is locked in a QE prison of its own making

Telegraph
"It wasn't meant to be like this. When the Fed launched QE, this policy experiment was supposed to be limited to an ex nihilo monetary injection of $600bn (£377bn). Even if the tapering had started in September, as was widely expected, the total would have topped $4,000bn by next spring."

No comments: