QUANTITATIVE EASING – Rodenberg Tillman & Associates

Quantitative Easing by the FED and ECB

December 15, 2015

A short story: “It is July 2015 on the shores of the Mediterranean. Times are tough, everyone is in debt and everyone lives on credit. Suddenly a rich tourist comes to town; he enters a hotel and puts a € 100 note on the reception counter to inspect some of the upstairs rooms for that evening. The hotel owner takes the € 100 note and runs to the butcher to pay his debt. The butcher takes the € 100 note and runs to the supplier of feed and fuel to pay his debt.

Trust never returns

Trust in society is under huge pressure. We can see some extremely negative developments which are out of the control of our politicians, who unfortunately do not have the courage to take the necessary tough decisions.