The dangers of endless quantitative easing
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 wit...