Why does everyone think QE is bad?
There are two ways to solve the problem:
1. Massive ugly defaults.
2. QE (monetising the debt).
Option 1 means massive bank losses and a recession. Option 2 means no recession but slow growth for a while. Governments are choosing option 2.
The world is not ending. QE is not the devil.
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Why does everyone think QE is bad?There are two ways to solve...
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