EU could have QE by next month

carslet

Announcement today. have the markets already peaked with this in mind. or anyone think there will be a massive rise from now on, if the plan to do it at [STRIKE]50million[/STRIKE] billion per month for a year

Generali

carslet wrote: »

Announcement today. have the markets already peaked with this in mind. or anyone think there will be a massive rise from now on, if the plan to do it at 50million per month for a year

Million? That's not even the rate at which the money supply increases in normal times to follow GDP growth.

calicocat

My head is frazzled....

Do I buy gold?...silver ?...bitcoin?....


Seriously though, for a dumb-!!! when it comes to economics ( which is really bad as my father was one ) .....what does this mean to the average person , and the UK?

carslet

Generali wrote: »

Million? That's not even the rate at which the money supply increases in normal times to follow GDP growth.

:rotfl: sorry meant billion

purch

calicocat wrote: »

Do I buy gold?...silver ?...bitcoin?....

Well that tactic paid off handsomely when the US and UK did it.

purch

calicocat wrote: »

.....what does this mean to the average person , and the UK?

The EUR will weaken even further.

The EUR will have a fewer nations using it soon.

Interest rates will stay low everywhere for quite a few more years.

purch

carslet wrote: »

sorry meant billion

Is that a US Billion or European Billion ??

theEnd

calicocat wrote: »

Do I buy gold?...silver ?...bitcoin?....

Seriously though, for a dumb-!!! when it comes to economics ( which is really bad as my father was one ) .....what does this mean to the average person , and the UK?

That's the problem, no-one really knows.

The QE (money printing) would suggest inflation, so you'd invest in precious metals, property etc, but these seem already in bubble territory (in fact the property bubble caused the whole thing in the first place).

Also, is the money printing simply trying to negate some of what could be a massive debt deflation we're about to see.

On every occasion since the problems first arose in 2007, QE and various other monetary and fiscal tools have been used to kick the can a little further down the road.

No problems have been solved. In fact when it does eventually collapse, all the things they've done will make it so much worse.

theEnd

purch wrote: »

Is that a US Billion or European Billion ??

Was the British version ever really used?

theEnd

purch wrote: »

Well that tactic paid off handsomely when the US and UK did it.

We shall see.

Can... kicked a little further down the street. Division between rich and poor much larger.