A very, very short post tonight just to record an impression that I want to write about later. I have been following global policy developments reasonably closely, including quantitative easing and the currency wars.
The thing that is making me increasingly uneasy is the feeling that the pre-conditions are being set for an economic crash. What makes perfect sense for one country, becomes a mess when multiple countries do it. What I'm trying to work out in my mind is a scenario that would allow multiple quantitative easing to be unwound without tipping the wheelbarrow over and us all onto the ground.
I can see how one country might do it, but not economies making up, what, more than 50% of the global economy if they all start doing it around the same time. That's my problem.