- There are many critics of QE, and indeed it does have limited real effects and produces some risks.
- However, now that the veil of QE is being lifted, what is revealed is a rather ugly world in which a host of deflationary forces conspire to take definite root.
- The US has, for now, managed to escape the most severe effects of these, but we wonder for how long, and other areas in the world economy are already perilously.