Europe’s Largest Insurance Company Explains Why The ECB’s QE Has Already Failed Using “Widget Makers”
by Tyler Durden
ZeroHedge.com
01/29/2015
“People say, ‘Sell government bonds and lend money to widget manufacturers.’ It doesn’t really work like that.” Hayes says, adding that “Low yields don’t necessarily mean more lending to the real economy; time and confidence are key elements and last 6 years have shown QE can’t control those.” In short: it hasn’t even started and QE is already a complete failure. Good job central-planners.
The Rest…HERE
