Tag Archives: Whatever it takes

The developed world economies have high government debt loads and as a result retard economic growth. The adoption of central bank quantitative ease (QE) is billed as a monetary policy but in reality is a fiscal policy of debt service reduction. QE creates microscopic bond market yield that in turn creates capital flight. This further lowers income and raises the debt ratio. So efforts to do “Whatever it takes” to save the sovereign are too late and counterproductive. Continue reading →