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> Central banks are out of ammunition and have been reduced to buying corporate debt indiscriminately and promising ZIRP forever, having less and less impact on

> Central banks are out of ammunition and have been reduced to buying corporate debt indiscriminately and promising ZIRP forever, having less and less impact on markets. This is wrong. The Fed will keep doing QE to prop things up for as long as long as it takes. Do you read the FOMC meeting minutes or listen to Jerome Powell talk? There wouldn’t be massive inflows to equities without the Fed put (QE).

grey-area 6y ago
No, I listened to economists who are skeptical that quantitative easing works for the original purpose (to increase liquidity and stimulate real economic growth). If you ignore the interviewer this chat with Lyn Alden and Jeff Snider on QE is interesting. https://m.youtube.com/watch?feature=youtu.be&v=B4xcCO9v-Os https://m.youtube.com/watch?feature=youtu.be&v=B4xcCO9v-Os
- MiroF 6y ago
  Those aren't economists lmao
  - grey-area 6y ago
    True :) Economists have questioned the efficacy of QE though.
    - MiroF 6y ago
      No mainstream economists are saying the things that are being said in this thread about QE and the Fed.