"It's becoming obvious now. Even as the U.S. economy shows some signs of
growth, some call for further quantitative easing. In the U.K., it only
takes some slight weakness in GDP numbers for the calls of more QE to intensify.
In Europe, at the same time that Germany opposes straight QE, the ECB starts up a program that for all purposes is QE. I'm talking about the fabled LTRO.
Not long ago you could reliably bet against the U.S. dollar (UDN) as it seemed the worst QE offender, but then the British pound (FXB) got in the dilution game too, and now not even the euro (FXE) is free from it.
Where does it end? The answer seems to be "it doesn't." There's quantitative easing as far as the eye can see, and this quantitative easing, while making it possible to run huge budget deficits for a long time, also totally impedes any kind of economic restructuring that would make it unnecessary..."
at http://seekingalpha.com/article/322036-never-ending-quantitative-easing?source=feed
In Europe, at the same time that Germany opposes straight QE, the ECB starts up a program that for all purposes is QE. I'm talking about the fabled LTRO.
Not long ago you could reliably bet against the U.S. dollar (UDN) as it seemed the worst QE offender, but then the British pound (FXB) got in the dilution game too, and now not even the euro (FXE) is free from it.
Where does it end? The answer seems to be "it doesn't." There's quantitative easing as far as the eye can see, and this quantitative easing, while making it possible to run huge budget deficits for a long time, also totally impedes any kind of economic restructuring that would make it unnecessary..."
at http://seekingalpha.com/article/322036-never-ending-quantitative-easing?source=feed
