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Just on the QE comment explod, QE hasn't really created any new money IMO, all it's done is create a bucketload of excess reserves in the banking system. Whilst the fed is paying interest on excess reserves, it's most likely going to stay that way too.What do you mean by this comment:
Just on the QE comment explod, QE hasn't really created any new money IMO, all it's done is create a bucketload of excess reserves in the banking system. Whilst the fed is paying interest on excess reserves, it's most likely going to stay that way too.
What do you mean by this comment:
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