Fed QE2 vessel to launch in oceans of uncertainty
ON BONDS
Geoff Hitchin
Marlborough's Geoff Hitchin says the latest bout of quantitative easing in the US will only work if consumers start spending the extra money.
Governments can only do so much. The stimulus measures have increased the supply of money – but without demand there is no-one to drive economic growth by spending it. While rapidly spiralling inflation...
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