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Has it? QE has been happening for the last 10 years already, and inflation hasn't (in products; asset prices have inflated though).
by tomp 7y ago
Has it? QE has been happening for the last 10 years already, and inflation hasn't (in products; asset prices have inflated though).
- SuoDuanDao 7y agoPrecisely. My interpretation is that we would have had a deflationary cycle over the last decade had it not been for QE. Main street prices have remained fairly stable, but it looks to me like assets have priced in a strong future currency devaluation. I still think that devaluation is likely to happen.