It is probable that Australia will follow the US and others in a new round of QE
The US figures varies from 1.2 Trillion to 20 Trillion which is mostly going to be wasted.
One rule a business makes when it borrows money is the calculation of how much extra it will produce, But when the government gives money to it's mates there is no benefit
All they do for the public is talk of loans and advice (ha ha)
QE -- This is money "given" not loaned to predominately banks to help them out of the hole they put themselves in but nothing goes to the people who provide jobs, food, or manufacture goods
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Ron Miller, Non-Executive Director
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