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Money glut: more to come
While there are reasons to expect less bang for each QE buck than in previous episodes, the returns should still be positive
Add BT as a preferred sourcePublished Tue, Oct 20, 2015 · 09:50 PM
THE existence of a global money glut is generally accepted these days - the debate is over when and how should it end.
Ever since the 2008-2009 financial crisis, central banks around the world have bravely battled the secular headwinds to growth and inflation emanating from global excess savings with the help of ZIRP (zero interest rate policy), NIRP (negative interest rate policy), and QE (quantitative easing).
That said, there are two good reasons for focusing on the money glut right now:
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