“Global central banks are embarking on fresh waves of bond-buying to fight the fallout from the pandemic, despite mounting claims that the once-mighty policy is losing its power to boost the economy.” – by Carolynn Look
QE
ECB Heads for Peak Liquidity as Euro-Area Stimulus Tools Top Out (Bloomberg)
The euro zone’s era of massive excess liquidity, courtesy of the European Central Bank, is about to peak. In a speech on Thursday, ECB Chief Economist Peter Praet presented a model that projects excess liquidity will peak at about 2 trillion euros around the end of this year and drop below 500 billion euros in […]
The Fed Has Played With Fire: Now Comes A Reckoning (Forbes)
Monetary policy makers now face a great test to regain control with monetary restraint and at the same time keep markets and the economy from suffering a reverse.