The dangers of endless quantitative easing
Aug 02,2021 - Last updated at Aug 02,2021
CHICAGO Inflation readings in the United States have shot up in recent months. Labour markets are extremely tight. In one recent survey, 46 per cent of small-business owners said they could not find workers to fill open jobs, and a net 39 per cent reported having increased their employees’ compensation. Yet, at the time of this writing, the yield on ten-year Treasury bonds is 1.24 per cent, well below the ten-year breakeven inflation rate of 2.4 per cent. At the same time, stock markets are flirting with all-time highs.
Something in all this does not add up. Perhaps the bond markets believe the US Federal Reserve (Fed) when it suggests that current inflationary pressures are transitory and that the Fed can hold policy interest rates down for an extended period. If so, growth bolstered by pent-up savings and the additional government spending currently being negotiated in Congress should be
With Asset Prices So Frothy Former RBI Governor Fears Dangers Of Endless QE
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The dangers of endless quantitative easing
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Friday, 09 Jul 2021 05:10 AM MYT
An initial amount of €6.8 billion is due for payment in 2021, the EU’s consolidated budget report said. Reuters pic
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LONDON, July 9 The United Kingdom is liable to pay €47.5 billion (RM235.4 billion) to the European Union as part of its post-Brexit financial settlement, according to the EU’s consolidated budget report for 2020.
The report adds that the money is owed under a series of articles which both sides agreed to as part of the Brexit withdrawal agreement. The figure was reported earlier on Thursday by RTÉ News.