quantitative easing

A week ago I wrote that I believed QE will end this year after tapering off in June. I stand by this stance. However, we have heard from three Fed officials in the interim and I wanted to pass on what they are saying to gauge how likely it…

I was on BNN's Headline with Howard Green yesterday talking about the Fed's QE program. I said that QE would be tapered and I believe it will likely end at the end of this year if the economy does not slip into recession. This is the…

The Bank of Japan is taking the concept of quantitative easing to a whole new level. Unlike the Fed who is only focused on treasuries and agency MBS securities, the BOJ is authorized to purchase ETFs and REITs in addition to JGBs.

Despite calls from the junior coalition partner the Lib Dems, some businesses and the IMF, we expect Osborne and the Tory-led UK government to maintain the fiscal strategy of austerity. The austerity is counter-intuitively (for some),…

The Bank of Japan is now considering whether to move to balance sheet expansion in its bid to lift the Japanese economy out of deflation. Japanese policy, which will then further tighten the nexus between fiscal and monetary policy, is now…

I was on BNN this afternoon talking to presenter Howard Green and The Economist's Ryan Avent about Fed Chairman Ben Bernanke's testimony before congress today. You can read Bernanke's prepared remarks here and watch the video clip here.…

Bill Gross, co-chief investment officer at Pacific Investment Management Co., talks about the outlook for Federal Reserve monetary policy and debt purchases, known as quantitative easing. Gross also discusses the state of credit markets and…

QE is an asset swap. No new net financial assets are introduced into the private sector in contrast to when the government deficit spends and does add new net financial assets. So for it to have all of those seriously beneficial effects…

I just wanted to follow up on Randy Wray's last post to look at this Trillion Dollar Coin idea from an investing perspective. I believe the coin would be bullish for Treasuries because it lowers average Treasury duration and alters private…

A lot has been made of so-called Abenomics after comments in Japan about forcing the central bank to set and defend a 2% inflation target. Getting a consolidated government balance sheet from a fiscal and monetary agent working hand-in-hand…