Richard Lewis, Global Head of Equities at Fidelity says that QE has gone on too long, failed to properly stimulate the economy and no-one know's how it's going...
![](https://assets.livewiremarkets.com/rails/active_storage/representations/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBDUT09IiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--2067432a2fa7f02ff27fb1028d77ab5518bd5d09/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBTU0lJY0c1bkJqb0dSVlE2RTNKbGMybDZaVjkwYjE5bWFXeHNXd2RwQWNocEFjZz0iLCJleHAiOm51bGwsInB1ciI6InZhcmlhdGlvbiJ9fQ==--c306068f01ab83c3650795f1865f4e6da1f93433/LWM-icon-equities.png)
Livewire
Richard Lewis, Global Head of Equities at Fidelity says that QE has gone on too long, failed to properly stimulate the economy and no-one know's how it's going to unwind. I think this is a subject for 2014 because one of the unwanted side effects of the current situation we have is that rapidly inflating asset markets create their own demand. Nobody's actually done a study of how much investment is investment in new goods and how much investment is buying financial assets or buying real estate. But I suspect if you did that, then an awful lot of what's called investment is just transfer of assets at ever-inflating prices. QE was an appropriate -policy at the peak of the crisis but only as a temporary measure, and QE is a very inappropriate monetary policy. It's a huge monetary experiment, nobody knows how it's going to end. Read: (VIEW LINK)
1 topic
![Livewire News](https://assets.livewiremarkets.com/rails/active_storage/representations/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBDUT09IiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--2067432a2fa7f02ff27fb1028d77ab5518bd5d09/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBTU0lJY0c1bkJqb0dSVlE2RTNKbGMybDZaVjkwYjE5bWFXeHNXd2RwQWNocEFjZz0iLCJleHAiOm51bGwsInB1ciI6InZhcmlhdGlvbiJ9fQ==--c306068f01ab83c3650795f1865f4e6da1f93433/LWM-icon-equities.png)
Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.
Expertise
No areas of expertise
![Livewire News](https://assets.livewiremarkets.com/rails/active_storage/representations/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBDUT09IiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--2067432a2fa7f02ff27fb1028d77ab5518bd5d09/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBTU0lJY0c1bkJqb0dSVlE2RTNKbGMybDZaVjkwYjE5bWFXeHNXd2RwQWNocEFjZz0iLCJleHAiOm51bGwsInB1ciI6InZhcmlhdGlvbiJ9fQ==--c306068f01ab83c3650795f1865f4e6da1f93433/LWM-icon-equities.png)
Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.
Expertise
No areas of expertise