Keeping The Show Tight
The Market Huddle
00:00
The Effect of Quantitative Easing on the Stock Market
On days that the Bank of Japan does quantitative easing, we get an order from the Japanese postal service. The amount of investable assets out there shrinks when they do quantitative easing. When you have a TGA change, it's like a checking account. If you were to go out and borrow a trillion dollars, that would mean that you would have to issue a trillion dollars of new T-bills.
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