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> QE has impoverished us all (except for the fat bankers). What is with Americans who continually fail to understand that there's a world outside of America?
by freddie_mercury 7y ago
> QE has impoverished us all (except for the fat bankers).
What is with Americans who continually fail to understand that there's a world outside of America?
The link is about global housing, not just the US. That means an explanation can't rely on US-specific excuses.
What's your explanation for how US quantitative easing drives up house prices in Sydney, Hong Kong, and London but doesn't affect Singapore, Berne, or Munich?
- logicchains 7y agoWhen the Fed prints money to give it to bankers (or whoever gets it), the recipient isn't constrained to spending it in the US. They'd invest the money where they expect to get the best returns.
- dragonwriter 7y ago> The link is about global housing, not just the US. That means an explanation can't rely on US-specific excuses QE is not a US-specific phenomenon, either in origin (other central banks have engaged in it) or in effect when the US does it (given the US dollar’s global role.)
- Cardiologist2 7y ago> What is with Americans who continually fail to understand that there's a world outside of America? I think it’s cause they’re not a force for good in the world. So they look out and only see bad things, eg poverty, wars. Or they look out and see China catching up (the horror). It’s not fun, so they look away. China can look at Africa and know it’s alright, cause China lifted 1 billion people out of poverty in the last 40 years. America can’t even handle its own poverty, see the healthcare struggles.
- thorwasdfasdf 7y agoMany of the countries are in on it. Japan, China, most of europe. The feds/gov of those countries are all buying up assets.