But that’s not the big concern. What really matters is the real economy. And there I see Brexit fears, market fears, property valuation fears and more having real impact and really hitting the economy hard.
Once upon a time I created People’s Quatntiative Easing for a situation like this. It really will be time to roll it out soon. I think we are going to need it.
Ritchie’s been complaining bitterly that QE only raised asset prices and thus PQE should have been used instead.
Now asset prices are falling over the end of QE this proves that PQE must be used.
What’s that thing about only a hammer and nails?