QE3, OMT, APP equals D-U-D?BY BENJAMIN ONG | FRIDAY, 26 OCT 2012 10:05AMSince the ECB, the Fed and BOJ announced fresh stimuli, their respective equity markets have retreated. |
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Brian Redican
CHIEF ECONOMIST
NEW SOUTH WALES TREASURY CORPORATION
NEW SOUTH WALES TREASURY CORPORATION
What makes an economist an economist? TCorp chief economist Brian Redican reflects on over three decades of navigating Australia's economic cycles. Riddhima Talwani writes.
Love your column Ben. for what it's worth I have a very simplistic view. All this money being tipped into the economy increases volatility and once the money is released there is little to control where it ends up. I'm tipping a large proportion ends up in commodities causing large swings in prices and the currencies of many countries. Which in turn causes problems for other parts of the economy. Oh well, as you say once they fired the first bullet......If nothing else it will make fascinating study material for the next generation!