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By definition it's hard to quote someone who isn't talking about something :) I've read speeches by central bankers. They almost never think in terms of high o
by zigzigzag 10y ago
By definition it's hard to quote someone who isn't talking about something :)
I've read speeches by central bankers. They almost never think in terms of high or low quality investments. Instead they only see the negative impact of easy money through the lens of inflation, but this is a problem because the inflation statistics they monitor don't include the prices they're impacting, hence the "mystery" of low interest rates coupled with low inflation. The inflation exists, it's just inflation in the cost of equities, houses, the cost of yield or other things that aren't consumer goods.