Monday, September 2, 2013
Must be another conspiracy theory.
Comment is free Another financial crisis looms if rich countries can't kick their addiction to cash injection
Just as people started to think that things were getting calmer â€“ if not exactly brighter â€“ in the rich countries, things have become decidedly slower and more volatile in the so-called "emerging market" economies... QE has become the weapon of choice by these governments because it is the only way in which recovery â€“ however slow and anaemic â€“ could be generated without changing the economic model that has served the rich and powerful so well in the past three decades. This model is propelled by a continuous generation of asset bubbles, fuelled by complex and opaque financial instruments created by highly leveraged banks and other financial institutions. Given all this, it is not a big surprise that those who benefit from the status quo have persisted with QE.