{"id":4084,"date":"2021-08-31T02:50:00","date_gmt":"2021-08-31T02:50:00","guid":{"rendered":"https:\/\/www.asadkarim.co.uk\/?p=4084"},"modified":"2021-08-23T14:51:32","modified_gmt":"2021-08-23T14:51:32","slug":"the-global-scale-of-quantative-easing","status":"publish","type":"post","link":"https:\/\/www.asadkarim.co.uk\/?p=4084","title":{"rendered":"The Global Scale of Quantative Easing."},"content":{"rendered":"\n<p>The Global Scale of Quantative Easing.<\/p>\n\n\n\n<p>Leading central banks now own more than \u00a318 trillion in government bonds and other assets, an increase of more than 50% on pre-pandemic levels. This is an eye-watering expansion from the financial crash more than a decade ago. Since the start of the pandemic, the US Federal Reserve&#8217;s (the Fed) balance sheet has more than doubled to $8tn (\u00a35.9tn). The European Central bank has total assets worth more than \u20ac8tn (\u00a36.8tn), the Bank of Japan has about 722tn yen (\u00a34.8tn), while the UK has doubled its QE programme to \u00a3895bn.<\/p>\n\n\n\n<p>Despite the flood of cheap money, more than a decade of meagre growth has followed the 2008 crisis, as Quantative Easing only succeeded in pumping up asset prices \u2013 benefiting owners of shares and property most. However, the post-2008 recovery was sapped by governments launching damaging austerity policies, while central bankers argue Quantative Easing helped avoid worse job losses.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Global Scale of Quantative Easing. Leading central banks now own more than \u00a318 trillion in government bonds and other assets, an increase of more than 50% on pre-pandemic levels. This is an eye-watering expansion from the financial crash more than a decade ago. Since the start of the pandemic, the US Federal Reserve&#8217;s (the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4084","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/4084","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4084"}],"version-history":[{"count":1,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/4084\/revisions"}],"predecessor-version":[{"id":4085,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/4084\/revisions\/4085"}],"wp:attachment":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}