Quantitative Easing

Declines in sovereign yields have cost investors more than $500 billion in income over the past five years and are pushing them to wade deeper into emerging market debt.
Easing and hiccups elsewhere, combined with healthy domestic fundamentals, point to a stronger U.S. currency, analysts say.
Central banks will continue to lean more heavily on quantitative easing than on rate cuts, robbing the yield curve of much of its signaling power.
Investors need durable portfolios capable of traversing the difficult ground of a world shaped by quantitative easing and zero interest rates.
The founder of hedge fund firm Elliott Management Corp. argues that “monetary extremism” in the developed world hinders economic expansion.
Although downside risks are growing in the junk sector, easy policy and modest growth should keep much of the bond market in a sweet spot.
Like the men’s clothing chain’s buy-one-suit-get-three-free marketing strategy, the Federal Reserve’s QE programs were destined for failure.
Recent monetary policy of the Fed and other central banks has a lot in common with the command-and-control policies of the former Soviet Union.
The metal has rebounded because of economic and financial fears. But the rally could fade if the Fed raises rates and the dollar strengthens.
In The Only Game in Town, the economist says the world needs growth-enhancing structural reforms and infrastructure spending, not more QE.