Monday, August 19, 2013
“The reason the US haven’t fixed their economy in the last 5 years is because they cant fix it”
While the economic data from the US is still mixed, it seems likely that the US central bank will start to gradually reduce its bond purchases from September, having called â€˜last ordersâ€™ on the programme which has lasted four years. Similarly the new landlord of the Bank of England, Mark Carney, seems minded to leave the QE taps off in the UK while he focuses on other measures. The question is what sort of hangover the morning after will bring.