The return of quantitative easing

Financial Times/Michael Howell/6-27-2023

“In short, markets need ever more central bank liquidity for financial stability and governments will need it even more for fiscal stability. In a world of excessive debt, large central bank balance sheets are a necessity.”

USAGOLD note: Quantitative easing as a permanent fixture in the economic mix…… Gold has responded quickly and vertically whenever the Fed revs up QE.