Mario Draghi, the president of the European Central Bank, speaks during a hearing by the European Parliament Committee on Economic and Monetary Affairs at the European Parliament in Brussels, Belgium, on July 9, 2018. Photo: EPA-EFE
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

Four reasons quantitative easing is not the solution to the global economy’s problems right now

  • The damaging effects of the previous rounds of quantitative easing are still being felt in low bond yields, falls in European and US bank shares and increased income inequality
  • Further monetary policy loosening might convince investors a recession is imminent while a market rally could encourage Trump in his trade war

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Mario Draghi, the president of the European Central Bank, speaks during a hearing by the European Parliament Committee on Economic and Monetary Affairs at the European Parliament in Brussels, Belgium, on July 9, 2018. Photo: EPA-EFE
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