People walk past the New York Stock Exchange. The quantitative easing bluff has been called and financial markets know now that they can force monetary authorities to extend or increase stimulus by throwing a taper tantrum. Photo: Getty Images/AFP
Opinion
Opinion
Macroscope
The world’s mounting debt crisis must solved before it blows up in our face
- The lack of an exit strategy from the monetary excess is catching up with the world
- The QE largesse did not go into investment and consumption but it did prop up financial institutions that were swaying on the edge of the abyss
People walk past the New York Stock Exchange. The quantitative easing bluff has been called and financial markets know now that they can force monetary authorities to extend or increase stimulus by throwing a taper tantrum. Photo: Getty Images/AFP