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Thursday, January 24, 2013

Roubini Says Quantitative Easing
Will Create Zombie Banks
Economist Nouriel Roubini says at Davos that central bankers risk burdening the economy with debt-burdened quantitative easing (QE), also called money printing, addicts .. thinks the debt-burdened banks, businesses & consumers should be allowed to go bust - emphasizes the central banks should not bail them out .. "Over time, you get zombie banking, zombie corporates, zombie households, which is damaging in the long term .. You've got QE2, QE3, soon you'll have QE infinity: what's going to happen to the regime of monetary policy? Most countries had inflation targeting; now the UK is talking about throwing it away: what's going to be the new anchor? How are we going to anchor people's expectations of inflation over time?"
LINK HERE to the article

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