(01-22-2020, 10:06 PM)ElwoodBlues1 date Wrote:QE isn't printing money as such, its about banks buying govt bonds and driving down the cost of borrowing further and providing more stimulus to the economy. Its the last resort after interest rates have been driven down to nothing like we are slowly seeing... Next step is another GFC when share markets go bang with all this extra money inflating stocks...

(01-22-2020, 12:50 PM)Thryleon link Wrote:Trump statistically has been a very successful president.

He's not respectable, but I have to say he's actually done the job better than anyone is giving him credit for.

Their economy is flourishing.  Unemployment is down.

(01-23-2020, 05:20 AM)tonyo date Wrote:Governments and leaders always claim it is their doing when things are going well (and someone else's fault when they're not....).

Funny thing is, economies go up and down regardless of who has the reins.  And while Government policy plays a part, it is only a relatively small contributor in large Capitalist countries like the US.  Do you think the big money-makers would have just shut up shop if Hilary had won?

The biggest problem is that Donald seems to actually think it is all down to him.......

(01-23-2020, 03:08 AM)LP link Wrote:I'm not an expert but I was told it's not "banks" but the central / reserve bank buying government bonds, which is a critical difference to commercial banks buying government bonds, it's the government / central / reserve bank buying it's own bonds to put cash into the system. The money they buy the bonds with was printed yesterday, and if you let the process run wild you can end up like Zimbabwe with 1000% inflation, so the governments walk a tightrope trying to balance the rate they print cash with the rate of GDP and other external sources of income!

A friend I have likes to describe it as "Your backyard pool trying to fill itself with it's own water!"

The US Government writes itself an IOU every time it prints some more cash, one that will never be honored!