Redwood: Waiting for more money printing

QUANTITATIVE EASING

John Redwood, chairman of Evercore Pan-Asset's investment committee, reflects on the political events occurred in the past week in the eurozone and whether it will lead to more QE.

Markets have been falling again, as we feared they would. The euro crisis is still far from resolved. This week you can worry about the lack of a new government in Greece to meet the requirements of the bailout, or about the state of the Spanish banks. If that is not enough to put you off investing, there is how the new relationship between Mr Hollande and Mrs Merkel will work out. On the other side of the world the Chinese authorities are still jockeying for position in the new government line up later this year, and there are worries over the state of some of their banks. The stock ma...