95 - The Death of the US Dollar?
The Red Line
00:00
The Implications of QE on the Economy
The problem right now is that there's still a need to do an awful lot of spending in the economy. If you don't have QE, then you end up with interest rates being higher than would otherwise be the case. We've seen reverses of those policies before and it could happen again as long as the markets accept it if you like. So yes, interest rates are going to be very important looking ahead both of the value of the currencies but also where we're going with the economy.
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