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Struggling To Make Sense Of Quantitative Easing

inspector_monkfish · 2010-11-18 14:24:57

14:18 18Nov10 HEARD ON THE STREET: Struggling To Make Sense Of Quantitative Easing What exactly is the point of quantitative easing? Two weeks after the U.S. Federal Reserve decided to buy $600 billion of government bonds, the debate still rages. Yet even to ask the question is "ill-judged", according to the governor of…

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Really2 Posts: 12,397 Forumite

18 November 2010 at 10:06PM

Thrugelmir wrote: »

Funny what we remember. I was thinking along the same lines then I recalled periods of votility. So out of interest I looked up mid point rates on Oanda for the 18th November from 1990-1999.

90 - 1.96
91 - 1.79
92 - 1.52
93 - 1.47
94 - 1.56
95 - 1.54
96 - 1.66
97 - 1.69
98 - 1.67
99 - 1.62

So exchange rates do fluctuate more widely than we recall.

I went to florida in 92, and I think cash exchange was around 1.47 ish. It was still cheap then so anyone who went to the states around 2006 must have been laughing.

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Struggling To Make Sense Of Quantitative Easing

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