Been in the market on and off for well over 20 years and understand less by the day. I sit here studying macroeconomic indicators scratching my head.
Still don't really understand what QE is. It seems money has been worthless in theory for some time.
How can you print money to buy debt when you print money to issue the debt in the first place.
Sorry I get it, I promise to pay back the money that you printed to buy back my debt with the money that you printed to issue the debt to buy back from me the debt you printed the money to issue the debt with.
Nothing to see here.
