Search This Blog

Wednesday, November 10, 2010


Do you know what QE2 is?  If not you better figure out quick.  This is going to affect all of our lives in the US, and even the lives of those around the world since the dollar is the benchmark currency.  I suggest you figure out what it is very soon, and thus how you feel about it.  It didn't work all that well in Japan by anyone's estimation, or even here in the US during the first quantitative easing.  But we are looking at essentially printing money in the amount of 1/4 GDP into the economy.  So all I'll say here is at least know what it is and where you stand.  

This is a recurring point of discussion in many news outlets and econ classes for a very good reason.  Printing money naturally leads to inflation, which has certain consequences . . . 

No comments:

Post a Comment