Fed Easing but not?
QE forever? According to my usually in-the-know Berlin banking contact, the IMF’s mega-brains have come up with a cunning plan to help their departing boss. It’s being tested in Washington right now and Ms Legarde will try and sell it to the Berlin Elite in November.
It comes with a brand new acronym : E.Q.
No prizes for guessing. But here is a clue: It’s keeping the Fed at ease. Those with mirrow vision probably got it already. It’s a duck insisting on not being a duck : Evasive Quacking. (1)
What else is new in the land of EQ(=QE) ? Nothing much. (2)