“Zero interest rates and quantitative easing are the time bomb that’s really ticking,” said Stephen Roach, a senior fellow at Yale University and former chairman of Morgan Stanley, during a panel discussion last week. “That worries me a lot.”
Quantitative easing, usually shortened to QE, has also been referred to as “printing money” or “monetizing the debt.” The process injects a pre-determined amount of money into the marketplace by purchasing government bonds from commercial banks, generally with electronic funds.
