David Jane: Eat, sleep, rave, repeat

Since the global financial crisis, now over a decade ago, monetary policy worldwide has been reinvented with a new set of tools characterised by the catch all term of ‘QE' - that is, quantitative easing. At their instigation, having been brought up in the era of traditional monetarism, many commentators suggested the likely outcome of money printing would be inflation. Quite the opposite has occurred, however, and the economy and markets now seem to be stuck in a repeating cycle. Eat, sleep, rave, repeat. At its introduction, QE was seen as an emergency measure in which central banks ...