That’s you and another 7bn people sunshine.

  • Since crisis Fed has focused on stress testing banks
  • Before crisis banks weren’t able to assess some risks
  • CB’s most comfortable using short term rates and would prefer to go back to using them
  • Use of QE was a fall back decision
  • There wasn’t more space for stimulus in traditional way

Meh, let’s let bygones be bygones eh? I’m sure the banks have learnt their lessons.