SubscribeAll Posts Tagged With: "quantitative easing"
Eric Sprott: Gold Momentum’s Picking Up Dramatically
Source: The Gold Report,
Interviewed by Karen Roche, Publisher
Although "quantitative easing" (QE) may be propping up the U.S. economy for the time being, it solves nothing. That’s how Eric Sprott, Chief Executive Officer & Portfolio Manager of Sprott Asset Management and Chairman of Sprott Money Ltd., sees it. It’s not just that QE shoves problems from the private sector into the public sector. It’s worse than that, because as Eric tells The Gold Report readers, QE is "just debasing the currency which will eventually lead to hyperinflation." One upside though: "You can just feel the momentum in gold—it’s picking up dramatically" and…
Fed Governor admits Fed is already engaged in quanatative easing
The Federal Reserve is already engaged in unorthodox “quantitative easing” and should prepare for the possibility that more extreme measures could be needed to guard against deflation, Don Kohn, its vice-chairman, said on Wednesday.
“We have already engaged in forms of quantitative easing,” Mr Kohn told the Cato Institute, a think-tank. He said the US central bank should consider “what other forms of quantitative easing might happen as a contingency plan”.
Strictly speaking, this is not outright quantitative easing because the Fed continues to mop up the excess reserves it creates to keep the target interest rate positive. But the central bank…
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