And according to Goldman Sachs analysts, there's another key difference between the two.Okay, I can get behind that. But, what exactly is the difference again? I mean, besides the name. Because as far as I can tell, they're both just turning on the printing presses.
"Whereas competitive devaluation remains a zero-sum game, "competitive monetary easing" is net positive for global growth and effectively helps narrow the world's output gap. At a time of low inflation and high unemployment in many countries, competitive monetary easing is therefore a welcome policy," Goldman analysts wrote in a note to clients on Friday.
How to misinterpret data
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Obamacare Signups Near 10 Million in Midyear Report This is a great lesson
in misinterpretation. This quote is from the end of the article:
""Consumers fr...
9 years ago
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