Reply to thread

Message

<blockquote data-quote="John Roberts" data-source="post: 139513" data-attributes="member: 126">Re: New Yamaha TF series digital mixersYes, central banks in europe and Japan have picked up QE (quantitative easing by buying their own sovereign debt) just as the US has begun unwinding it. QE seems to be somewhat fungible (transferrable) so the extra US liquidity put a slight bid under the entire international economy. Now that the US is winding down, the rest of the world is winding up to try to keep the easy money music playing. This is new territory as central banks have never successfully pulled off such a grand experiment. The jury is still out on whether this experiment can be unwound without worse repercussions than the problem it tried to remedy.&nbsp; So far so good, but this is unwinding in painful slow motion and markets over react to any mention of raising interest rates, while everyone knows they are coming.&nbsp; Good luck to us and the rest of the world since this could end very badly. There have already been massive distortions and displacement in the economy. JR</blockquote>

[QUOTE="John Roberts, post: 139513, member: 126"] Re: New Yamaha TF series digital mixers Yes, central banks in europe and Japan have picked up QE (quantitative easing by buying their own sovereign debt) just as the US has begun unwinding it. QE seems to be somewhat fungible (transferrable) so the extra US liquidity put a slight bid under the entire international economy. Now that the US is winding down, the rest of the world is winding up to try to keep the easy money music playing. This is new territory as central banks have never successfully pulled off such a grand experiment. The jury is still out on whether this experiment can be unwound without worse repercussions than the problem it tried to remedy. So far so good, but this is unwinding in painful slow motion and markets over react to any mention of raising interest rates, while everyone knows they are coming. Good luck to us and the rest of the world since this could end very badly. There have already been massive distortions and displacement in the economy. JR [/QUOTE]

Verification