Lol, HSBC’s SENIOR Economic Advisor Stephen King said that’s exactly what it is. The last two paragraphs of the article:
“What [quantitative easing] encourages you to do is effectively raise funds very cheaply and invest in all kinds of assets that might be doing very well for a short period of time,” King said.
“But when you begin to recognize that you’ve got an inflation problem and start to raise rates very very rapidly as we’ve seen over the course of the last couple of years, then a lot of those financial bets begin to go rather badly wrong.”
Jfc. Senior Advisor my ass.
Man’s salaried in the $millions/yr to ”advise” his people to fuckin gamble all day at work.
fartswhenshecums t1_jeeigvj wrote
Reply to comment by Slappy817 in 'Nationalizing bond markets' left central banks unprepared for inflation, top HSBC economist says by Slappy817
Lol, HSBC’s SENIOR Economic Advisor Stephen King said that’s exactly what it is. The last two paragraphs of the article:
“What [quantitative easing] encourages you to do is effectively raise funds very cheaply and invest in all kinds of assets that might be doing very well for a short period of time,” King said.
“But when you begin to recognize that you’ve got an inflation problem and start to raise rates very very rapidly as we’ve seen over the course of the last couple of years, then a lot of those financial bets begin to go rather badly wrong.”
Jfc. Senior Advisor my ass.
Man’s salaried in the $millions/yr to ”advise” his people to fuckin gamble all day at work.