Quantitative Easing

“Look at the stock market in the US, and look at the housing market in China up until twenty-twenty-one. Yes, we don't have increase in inflation or the CPI for many countries, but then most of the money went into asset prices and the property prices. So in a w…”

“Easing is fundamentally different than cutting interest rates, in that it appears to be working through fundamentally different transmission channels. No longer credit channels and lending channels appear to be the dominant way in which it impacts the economy.…”

“Where the gains have been extracted by the most well-to-do, by the most sophisticated, who see that the central banks are, to one degree or another, trying to get asset prices up to drag up the real economy. They get the joke, they have been willing to play th…”

“And the fed constant probably kept or definitely kept QE going for too long. And, you know, I called the fed the engine of inequality. And someone said to me, would you believe that the fed is responsible for economic equality in the system. And I said, absolu…”

“When interest rates are sitting at zero for a period of time, wealthy clients were gonna get significantly more wealthy faster. When there's zero cost to borrow, and you already have assets, regardless of what's happening in the markets, you can redeploy those…”

“Being a sophisticated, analytical investor to markets flooded with QE doesn't quite reconcile.”

“It's because central banks aren't these entirely benevolent, above-it-all policymakers. Cantillon wrote about this in, like, the 1700, that when you print money, basically the people who are closer to the money benefit more. Closer to the money meaning people …”

“And if they had stopped QE there, then we wouldn't have had this asset bubble in the second half of last year.”

“They should have stopped the QE right then and there, and then gradually started raising rates instead of these violent moves that we've had this year that are plunging the economy into recession that have caused the stock market crash.”

“The, your savings account turned into your checking account. The bond market turned into your savings account. The equity market turned into the bond market. The venture market turned into the equity market and the crypto market became the new venture market. …”

“The Fed has pumped 2.5 trillion of QE into the economy post vaccine, post retail recovery.”

“Quantitative easing, it routes the middle class. It literally guts them, right? It polarizes the wealthy so that they get wealthier. It's effectively socialism for the rich. That's what quantitative easing is period.”

“Leading into COVID, they were already expanding the balance sheet through the repo market, and it was only a matter of time before they were going to have to do QE. And so once the COVID hit. It was like, oh yeah, here we go here. It's QE because of COVID. It …”

“So what we did and during the financial crisis over eight months, We've been pumping out every week or so for the last several weeks.”