Quantative Easing
Now, i'm not an economist, a banker, or a politician, but WTF is going on? Now Europe is about to enter the madness of QE, started in the USA.
Somebody somewhere thinks we must have growth at any cost.
Why?
Europe is about to follow the U.S. and Japan into printing vast sums of money to prop up their economies.
This is going to end in disaster, one way or another. If not this year, it'll come next year, or maybe the one after. The world cannot just go on just printing new money when things get a bit tough.
Or can they? Maybe i'm wrong, but all this borrowing scares the shit out of me.