[quote=FlyerInHi]jazzman, but lacking fiscal solutions, central bankers have no choice but to push the limits of monetary policy.
Ideally, fiscal and monetary solutions would be complementary.
Growth wise, the USA is doing better because we implemented some limited fiscal stimulus and the Fed moved more decisively with monetary policy.[/quote]
Yes, I agree but QE is Europe is difficult I think mainly because it is far more complex to do. You already have 18 central banks and a more fragmented market. The effect on asset appreciation is also going to be muted since there is generally less participation in financial and housing markets. If it was a no-brainer, bureaucracy notwithstanding, I think we’d have seen it happen by now.
