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Morning Ororeef, R6

Posted by Buygold @ 7:34 on September 13, 2019  

Ororeef – thanks for the comeback. 🙂

R6 – with regard to Northman, why exactly can’t they do QE to infinity forever? I would argue that it has worked to a degree through gov’t borrowing and spending. It’s all monopoly money, they try to pay the interest on the debt that will never get repaid. Which of course is why Trump is arguing for 0% rates. Unlimited monopoly money at no cost.

So….while yes it has inflated assets that benefit fewer people, and created a greater wealth disparity, it has also helped to create jobs through gov’t. spending. As long as people believe monopoly money has value in exchange for real stuff. The illusion and QE can actually go on forever. JMHO.

Looks like we’re going to try to go higher. I think we tried that yesterday too.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.