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Showing posts from October, 2014

What is quantitative easing?

Quantitative easing is when a government pumps 'new' money directly into the economy. It does this is by buying assets - usually financial assets such as government and corporate bonds. 

The financial institutions selling those assets (e.g banks) can then boost the economy by lending this new money to businesses.

Why is QE unusual? The normal way a government stimulates economic growth is by a) reducing the cost of borrowing  b) lowering taxes, particularly on business investment. The problem in the current financial crisis has been that interest rates are already at historic lows. As a result some governments (notably the US and to a lesser extent the UK) have attempted to inject money directly into the economy. 

The European  Central Bank has resisted QE until recently. Some would argue that this has been a factor in the weakness of the European economic recovery

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Dude! Where does the word dude come from?

(dūd, dyūd) 
Informal. An Easterner or city person who vacations on a ranch in the West.Informal. A man who is very fancy or sharp in dress and demeanor.Slang.A man; a fellow.dudes Persons of either, dud·ed, dud·ing, dudes.
Slang. To dress elaborately or flamboyantly: got all duded up for the show.

Used to express approval, satisfaction, or congratulations.Source

The origins of the word dude are disputed but certainly predate Dude, Where’s my Car? (2000). According to the American Heritage Dictionary: 
Originally it was applied to fancy-dressed city folk who went out west on vacation. In this usage it first appears in the 1870s.