Here's the thing about QE that even now people don't understand that well: Fundamentally it was an exchange of bonds for cash. Since bonds were considered to be almost as risk-free as cash, this didn't actually do as much as many people expected. https://twitter.com/euneaux/status/944101630642753536 …
-
This Tweet is unavailable.Show this thread
-
If switching from bonds to cash on your balance sheet doesn't actually change much because you're already treating bonds almost like cash, QE will have limited effect.
1 reply 0 retweets 0 likesShow this thread
Actual money printing would have much more of an effect.
11:20 PM - 21 Dec 2017
0 replies
0 retweets
1 like
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.